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Buyers who reached the median first-time homebuyer age of 31 years old between 2008 and 2012 during the Great Recession and housing market collapse are now 37 to 41 years old. Redfin's survey results show that this was the only age group that has less confidence in real estate as an investment than the stock market. Just 48 percent of homebuyers and sellers in this age group believe that real estate is a better long-term investment than the stock market.
Which is a better long-term investment? |
||||||
Age Range |
< 25 |
25-34 |
35-44 |
45-54 |
55-64 |
>=65 |
Real estate is better |
59% |
57% |
48% |
60% |
62% |
56% |
The stock market is better |
41% |
43% |
52% |
40% |
38% |
44% |
"The oldest Millennials and youngest Gen-Xers entered their late twenties or early thirties during the housing crash, which explains why they are more skeptical about investing in real-estate," said Redfin chief economist
In every other age group, buyers and sellers who believe that real estate is a better long-term investment outnumbered those who believe the stock market is better. Younger Baby Boomers, respondents aged 55 to 64, were the most optimistic about real estate as an investment.
For the complete report and methodology visit https://www.redfin.com/blog/2019/01/millennials-stocks-better-investment-than-real-estate.html.
About Redfin
Redfin (www.redfin.com) is the next-generation real estate brokerage, combining its own full-service agents with modern technology to redefine real estate in the consumer's favor. Founded by software engineers, Redfin has the #1 brokerage website in
For more information or to contact a local Redfin real estate agent, visit www.redfin.com. To learn about housing market trends and download data, visit the
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SOURCE Redfin
Redfin Journalist Services: Michaela Morales, 206-588-6863, press@redfin.com