[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"$fifwn1jg4si27":3,"$ffeh0925h8cuz":43,"$fbwk2pqjjqsc7":47},{"item":4,"previous":31,"next":37},{"id":5,"slug":6,"title":7,"description":8,"excerpt":9,"contentType":10,"featuredImage":11,"bannerImage":9,"body":12,"agentsBottomLine":13,"bodyImage":14,"isInfographic":15,"categories":16,"isVideo":15,"videoThumbnail":9,"videoSource":9,"publishedAt":29,"updatedAt":30},1166,"homeownership-is-a-dominant-gene","Homeownership is a Dominant Gene","There are many things that factor into the decision to buy a home. New \u003Ca href=\"https:\u002F\u002Fwww.urban.org\u002Furban-wire\u002Fhomeownership-inherited-tale-three-millennials\">research\u003C\u002Fa> from the \u003Cem>Urban Institute\u003C\u002Fem> suggests that one of those things may be inherited from your parents.","","blog","https:\u002F\u002Ffiles.simplifyingthemarket.com\u002Fwp-content\u002Fuploads\u002F2018\u002F08\u002F21155959\u002F20180905-Share-STM.jpg","There are many things that factor into the decision to buy a home. New \u003Ca href=\"https:\u002F\u002Fwww.urban.org\u002Furban-wire\u002Fhomeownership-inherited-tale-three-millennials\">research\u003C\u002Fa> from the \u003Cem>Urban Institute\u003C\u002Fem> suggests that one of those things may be inherited from your parents.\u003C!--more-->\r\n\u003Ch4>\u003Cstrong>Children are More Likely to Own a Home if Their Parents Did\u003C\u002Fstrong>\u003C\u002Fh4>\r\nAccording to an analysis of millennial homeowners, the homeownership rate of those whose parents rent their homes is 14.4%, \u003Cstrong>while the rate amongst millennials whose parents are homeowners is 31.7%! \u003C\u002Fstrong>\r\n\u003Cblockquote>\u003Cem>“A young adult’s odds of homeownership are highly correlated with their parent’s homeownership. \u003C\u002Fem>\r\n\r\n\u003Cem>Without controlling for such factors as age, income, education, marital status, and race or ethnicity, there is a 17 percentage-point gap between the homeownership rate for young adults whose parents are renters and young adults whose parents are homeowners.”\u003C\u002Fem>\u003C\u002Fblockquote>\r\nThe study also revealed that as a parent’s net worth increases, so does the likelihood that their child will own a home. These two findings are not surprising as we know from the \u003Cem>Survey of Consumer Finances\u003C\u002Fem> \u003Cstrong>that a homeowner’s net worth is \u003Ca href=\"https:\u002F\u002Fwww.simplifyingthemarket.com\u002F2018\u002F08\u002F20\u002Fthe-net-worth-of-a-homeowner-is-44x-greater-than-a-renter\u002F\">44x greater\u003C\u002Fa> than that of a renter.\u003C\u002Fstrong>\r\n\r\nSo, a parent who is a homeowner will have more wealth which will, in turn, increase the chances that their children will own their own homes in the future.\r\n\r\nBelow is a breakdown of the relationship between a parent’s wealth and a millennial’s likelihood to own a home.\r\n\r\n\u003Ca href=\"https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002Fwp-content\u002Fuploads\u002F2018\u002F08\u002F20180905-KCM-STM.jpeg\">\u003Cimg class=\"alignnone wp-image-38024\" src=\"https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002Fwp-content\u002Fuploads\u002F2018\u002F08\u002F20180905-KCM-STM.jpeg\" alt=\"Homeownership is a Dominant Gene | Simplifying The Market\" width=\"650\" height=\"488\" \u002F>\u003C\u002Fa>\r\n\r\n\u003Cstrong>The Good News:\u003C\u002Fstrong> The high homeownership rate amongst baby boomers \u003Cem>(likely the parents of many millennials)\u003C\u002Fem> is a great sign that millennials will want to own homes. We are already seeing this in the high-demand environment that we are currently experiencing in the starter and trade-up markets.\r\n\u003Ch3>\u003Cstrong>Bottom Line\u003C\u002Fstrong>\u003C\u002Fh3>\r\nEven though millennials took longer than many of the generations before them to start home searches of their own, the data shows that they will not be waiting much longer!","\r\nEven though millennials took longer than many of the generations before them to start home searches of their own, the data shows that they will not be waiting much longer!","https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002Fwp-content\u002Fuploads\u002F2018\u002F08\u002F20180905-KCM-STM.jpeg",false,[17,21,25],{"id":18,"name":19,"slug":20},5,"For Buyers","buyers",{"id":22,"name":23,"slug":24},11,"First-Time Buyers","first-time-buyers",{"id":26,"name":27,"slug":28},53,"Rent vs. Buy","rent-vs-buy","2018-09-05T10:00:50Z","2018-09-04T10:27:41Z",{"id":32,"slug":33,"title":34,"featuredImage":35,"publishedAt":36,"contentType":10,"isVideo":15},1165,"rents-are-on-the-rise-dont-get-caught-in-the-rental-trap-2","Rents Are on The Rise: Don’t Get Caught in The Rental Trap!","https:\u002F\u002Ffiles.simplifyingthemarket.com\u002Fwp-content\u002Fuploads\u002F2018\u002F08\u002F31114310\u002F20180904-Share-STM.jpg","2018-09-04T10:00:00Z",{"id":38,"slug":39,"title":40,"featuredImage":41,"publishedAt":42,"contentType":10,"isVideo":15},3666,"what-does-the-future-hold-for-home-prices-2018","What Does the Future Hold for Home Prices?","https:\u002F\u002Ffiles.simplifyingthemarket.com\u002Fwp-content\u002Fuploads\u002F2018\u002F09\u002F05143005\u002F20180906-Share-STM.jpg","2018-09-06T10:00:39Z",{"cover":44,"open":45,"shareSpread":46},"https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002FKeepingCurrentMatters\u002Fcontent\u002Fimages\u002F20260603\u002F2026-Summer-Buyers-Guide-Cover-original.png","https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002FKeepingCurrentMatters\u002Fcontent\u002Fimages\u002F20260603\u002F2026-Summer-Buyers-Guide-Spread-original.png","https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002FKeepingCurrentMatters\u002Fcontent\u002Fimages\u002F20260603\u002F2026-Summer-Buyers-Guide-Magazine-original.png",[48,52,53,57,61,65,69,70,74,78,82,86,90,94,98,99,103,107,111,115,119,123,127,131,135,139,143,147,151,155],{"id":49,"name":50,"slug":51},1,"Uncategorized","uncategorized",{"id":18,"name":19,"slug":20},{"id":54,"name":55,"slug":56},6,"For Sellers","sellers",{"id":58,"name":59,"slug":60},7,"Foreclosures","foreclosures",{"id":62,"name":63,"slug":64},8,"Infographics","infographics",{"id":66,"name":67,"slug":68},9,"Home Prices","home-prices",{"id":22,"name":23,"slug":24},{"id":71,"name":72,"slug":73},34,"Senior Market","senior-market",{"id":75,"name":76,"slug":77},35,"Mortgage Rates","mortgage-rates",{"id":79,"name":80,"slug":81},38,"Move-Up","move-up",{"id":83,"name":84,"slug":85},41,"For Sale by Owner","for-sale-by-owner",{"id":87,"name":88,"slug":89},42,"Featured","featured",{"id":91,"name":92,"slug":93},45,"New Construction","new-construction",{"id":95,"name":96,"slug":97},52,"Luxury \u002F Vacation","luxury--vacation",{"id":26,"name":27,"slug":28},{"id":100,"name":101,"slug":102},80,"Time-sensitive","time-sensitive",{"id":104,"name":105,"slug":106},81,"Outdated","outdated",{"id":108,"name":109,"slug":110},147,"Internal","internal",{"id":112,"name":113,"slug":114},148,"Do Not Autopost","do-not-autopost",{"id":116,"name":117,"slug":118},320,"Inventory","inventory",{"id":120,"name":121,"slug":122},321,"Agent Value","agent-value",{"id":124,"name":125,"slug":126},322,"Affordability","affordability",{"id":128,"name":129,"slug":130},323,"Buying Tips","buying-tips",{"id":132,"name":133,"slug":134},324,"Downsize","downsize",{"id":136,"name":137,"slug":138},325,"Economy","economy",{"id":140,"name":141,"slug":142},326,"Equity","equity",{"id":144,"name":145,"slug":146},327,"Forecasts","forecasts",{"id":148,"name":149,"slug":150},328,"Selling Tips","selling-tips",{"id":152,"name":153,"slug":154},339,"Expired\u002FWithdrawn\u002FCanceled","expiredwithdrawncanceled",{"id":156,"name":157,"slug":158},340,"Price It Right\u002FOverpricing","price-it-rightoverpricing"]