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.
