Millennials Drive the Housing Market, and More Surprises From New Zillow Research

Posted from: http://www.zillow.com/blog/trends-zillow-group-research-206775/

It was friends and the rising cost of rent that finally turned Matt Fong’s attention toward buying a home.

“I liked where I lived, and I tried to keep the rent a certain part of my income,” said the 32-year-old project manager for a Seattle ad agency. “Then I saw another friend buy a home and rent out rooms to make a profit. I thought, ‘If you can do that, I can at least start looking.’”

Fong’s rent had climbed to nearly $1,600 for a 1-b…

Posted from: http://www.zillow.com/blog/trends-zillow-group-research-206775/

It was friends and the rising cost of rent that finally turned Matt Fong’s attention toward buying a home.

“I liked where I lived, and I tried to keep the rent a certain part of my income,” said the 32-year-old project manager for a Seattle ad agency. “Then I saw another friend buy a home and rent out rooms to make a profit. I thought, ‘If you can do that, I can at least start looking.’”

Fong’s rent had climbed to nearly $1,600 for a 1-b…

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