According to Fannie Mae, national confidence in the housing market is at an all-time high. Similar to the housing demand and housing prices. As millennials continue to enter their home buying phase, attitudes toward the market are on the up and up. It is this reason why many refute the notion that we are only creating a bubble that will once again pop.
For the past decade, young professionals have held back from buying as the economy worked to recover itself after the recession. As this article suggests, now a large portion of the emerging millennials are earning above entry-level salaries and are buying much higher than first time home buyers in past generations.
Written by: Diana Olick
Published by: CNBC