WPPB

Emily Sullivan

Hysteria. Panic.

Those were words reporters were using on this day 30 years ago to describe the stock market crash, now remembered as Black Monday.

Oct. 19, 1987, brought the single biggest one-day percentage drop in history — and yes, that includes the 1929 crash that presaged the coming of the Great Depression.

On that frightening Monday three decades ago, the Dow Jones industrial average plunged 508 points — more than 22 percent — to just over 1,700.

Just a few years ago, many car dealers and homebuilders were worried that millennials would forever want to be urban hipsters, uninterested in buying cars or homes.

But now, as millennials get older — and richer — more of them are buying SUVs to drive to their suburban homes.

The National Association of Realtors' 2017 Home Buyer and Seller Generational Trends study found that millennials were the largest group of homebuyers for the fourth consecutive year.

Pages