Ohio Market Watch: Ohio millennials can't find homes to buy
By Greg Stitz, OAR Director of Research
What affect is low entry-level housing inventory having on millennials' ability to purchase a home in Ohio? According to 74 percent of Ohio REALTORS® responding to OAR's March housing confidence survey, low inventory is substantially (50 percent) or slightly (34 percent) hindering millennials' ability to find a home. Only 16 percent of respondents find that low entry-level inventory is not hindering millennials' ability to find a home to buy in their area.
Survey results are based on responses to a monthly survey, designed to capture the effects of the existing economic conditions and trends on the real estate industry, sent to a pool of 1,500 OAR participants. Click here to participate in future OAR Housing Confidence Surveys.
