Dr Yi Wu Visits the Department for Real Estate and Planning

We were very pleased to welcome Dr Yi Wu last week who gave a seminar entitled “ Millenial homeownership paradox in the immigration nation.”

Dr Wi’s research using the American Housing Survey 2013 shows that multigenerational family living is growing among nearly all U.S. racial groups, despite millennials becoming the largest generation of house purchasers in the U.S. The research has found a strong preference for multi-generational family living arrangements among both first and second-generation Asian, Hispanic, and African-American millennial immigrants; this is often linked to when individuals have less personal income, lower education, and are unemployed. But Yi’s work has identified an interesting paradox whereby third-generation Asian millennial immigrants choose to live independently; this contrasts with third generation African-American and Hispanic millennial immigrants who still choose to keep the original multigenerational family structure. The research has relevance to interests in housing demand in the US housing market.

For further information, please see the Research Seminar page.