How Millennials Will Affect The Rental Market

August 15, 2014

New research suggests Millennials could be on the verge of having a major impact on the housing market.

The report from the Harvard Joint Center for Housing Studies shows there are still a lot of young adults living with their parents, but it says when they do move out, there’s a good chance a lot of them will rent, rather than buy.

Pete TeKampe is a commercial real estate agent at Marcus & Millichap in Phoenix, and said the Valley’s apartment rental market is improving.