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Stock impact report

Unmarried millennials are twice as likely as boomers to buy homes solo—and 10 times as likely to buy with a friend [Fortune]

Opendoor Technologies Inc (OPEN) 
Company Research Source: Fortune
Generation Y is far more likely to buy a home on their own—or with a friend —than share one with a spouse compared with older generations, according to a new report from personal finance site Bankrate. In fact, in a new survey of over 1,200 homeowners, the company found more than 40% of millennials bought on their own—compared with 34% of Gen Xers and 22% of baby boomers—and 10% of millennials did so with a friend or non-romantic partner. Meanwhile, just 1% of baby boomers and 3% of Gen Xers reported buying with a friend. Older generations were far more likely to buy with a spouse or domestic partner: 70% of boomers did so, as did 56% of Gen Xers. For millennials, that figure was just 47%. The survey results line up with other data about millennials, who, broadly speaking, carry more non-housing debt than previous generations , are getting married later in life, and are becoming homeowners later as well. The new path they are carving is reshaping not only the housing market, but Show less Read more
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