Homeownership is continuously influencing society,
Trend #1: The Most Educated Generation in the U.S.
Millennials are going to be the most educated generation in the U.S. Generally speaking, they have
The importance of education to homeownership has only increased over time. Our HPRl4 shows
the importance of education in relation to homeownership has almost doubled in less than 10 years. In 1997
, the difference in
Get the Degree, Get the House
Our model shows
The good news for housing is
Figure 2 below shows the change in homeownership rates caused, all else held constant, by
In 2016, a jump in the educational attainment rate drove a 3 percent year-over-year gain in homeownership.
Figure 2. Education Pays Off
Year-Over-Year Change(% Homeownership Rate,% Share of Bachelor's Degree)
The good news is, according to the PEW Research
To access the full study, please download it from the First American Economic Center Blog. When you need real estate and