Millennials and Homeownership – Mortgage Infographic: The Millennial generation, also known as Gen Y, is more than 75 million strong. It’s hard to deny the impact they have on the marketplace when it comes to housing and homeownership. Gen Y spends more than $600 billion per year which by some estimates, could grow to nearly $1.4 trillion by 2020. However, for as much as this is talked about, there still seems to be no clear consensus on the exact total impact Millennials and homeownership will have. Take a look at this stat-filled mortgage infographic that helps shed some light on Millennials and homeownership.
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