July 10, 2015 Comments Off on S.F. Millennials Likely Renting Instead of Buying for Quite Some Time Views: 388 Bay Area, California News

S.F. Millennials Likely Renting Instead of Buying for Quite Some Time

It looks like multifamily apartment owners in the San Francisco area don’t have to worry about losing tenants to the housing market any time soon. The average Bay Area college grad will need to save on average 29 years to be able to afford the 20 percent downpayment for the average home in the region, according to a Trulia report.

That’s how things stand now. The future is expected to be more difficult for buyers if the current housing-price trend continues. And the data also showed that Millennials without a college degree have virtually no chance of affording to purchase a home.

Read More at SFGate.com

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