Yahoo Finance Video Housing market: Millennials bypass starter homes for dream homes

Source: Finance Yahoo — 

Yahoo Finance’s Vera Gibbons joins the Live show to discuss the real estate market amid the unexpected house hunting competition among younger buyers.

AKIKO FUJITA: Well, record low inventory has sparked bidding wars for homes in some of the country’s hottest housing markets. If you’re looking for a dream home now, turnkey property, getting inside one could prove to be even more elusive. Let’s bring in Yahoo Finance’s contributor Vera Gibbons. Vera, talk to me about this because I think the definition of a dream home could be different depending on the person, but you’re talking specifically about this millennial group, younger buyers who are now going in saying, it’s my first home, but I don’t want a starter home.