Are Echo Boomers likely to Buy
With the first of generation Millennials or also known as Echo Boomers are turning 30 this year, how does the housing market fare for them? With low interest rates it is a great time to buy a house, however according to an article on Realtor.org most Echo boomers are more likely to rent. Why is this? There could be many reasons but the same article also states that only 20 percent of 18-29 year olds are married. This, I believe has a lot to do with how this generation is aware of so much more then past generations. With technology improving every day it seems that children born during this generation have more access to finding out more information. When I was 14 years old, the only way I would be able to connect with people around the world, would be writing letters and calling on a landline. Now, an 8 year old can look up anything they wish on the World Wide Web, log on to Playstation 3 and play with someone 3000 miles away within seconds, call or Text someone and again get a respond with seconds. This could have a lot to do with why the newer generation is less likely to get married because they are more aware of world issues, although we are all aware that the world is a big place but for the echo generation all that needs to be done is to do a search on the small Wi-Fi device that is in the palm of their hand and is able to look up any current issue and find out the latest up-to the minute information about anything.
For this generation there is no rush to buy a house or get married it will all happen within due time.
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