The U.S. Census Bureau has made it official: Millennials, those aged 19 to 35 have officially overtaken Baby Boomers as the largest generation.
While Boomers will continue to be a force in real estate for some time (they do, after all, own a great deal of real estate taken as a group) the up and coming generation of Millennials and the choices they make will reverberate through the economy for decades to come.
In real estate, Chicago is well positioned as a haven for Millennials. As we noted last week, the city and suburbs are easier to afford than competing metropolitan areas, making homeownership, a dream for Millennials just like generations before, much more attainable.
Read more at Chicago Agent Magazine here.