The volatile housing market has slowed purchases of starter homes, but it hasn’t wiped out college graduates’ desire for them.
Members of the Class of 2013 regard buying their own house or apartment as the most significant consumer purchase on the path to adulthood, based on an online survey by The Wall Street Journal. Among seven purchases on the survey, owning a home ranked first by far, followed by starting a 401K plan and paying for one’s own health insurance. Other options, in order of popularity, were buying a new car, paying for a major vacation, and buying a TV or sofa.
Read more...College Graduates Face Tall Hurdles to Home Ownership - Real Time Economics - WSJ
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