...will housing supply and the pace of sales return to anything resembling normal,” Fleming said. About 50% of millennials, Americans ages 27-42, are homeowners. While reduced affordability and limited inventory...

...choices as the core reason, not material prices or shortages. Millennials were the top spending age cohort in 2023, spending an average of $16,136 on home improvement, maintenance, and repairs...

...new homebuyers were Millennials and 2% were Gen Zers. However, as rates began to rise, Millennials’ share of new purchases fell to 28% as of August 2023. Gen Zers’ share...

...renter households as millennials did before them is how many people are in this generation relative to millennials. According to U.S. population estimates for 2022, there are 66.1 million people...

...hit 8% in October of this year. Younger people, Millennials in particular, are being hurt disproportionally by this trend, according to Bank of America Institute’s newly released Housing Morsel. The...

...and 38% among millennials who don’t own. Mortgage interest rates aren’t helping: Across all Americans, 53% are worried they’ll remain high. Separately, 79% expect rates to rise for at least...

...child necessitated buying a home. So, what are millennials searching for? Primarily, 76% of millennials are searching for a detached single-family home, while 3.6% desired a condominium, 8.6% preferred an...

...fall from the October 2023 rate of 7.6% to the consensus forecast of 6.4%, house-buying power will increase by nearly $42,000. Additionally, a large cohort of millennials are reaching prime...

Even as home prices decline in 2023, a broader examination of trends over the past 20 years reveals a 162% increase in average home prices. That’s according to a new...

...at 33%, millennials at 32%, and Gen X at 28%. One interpretation could be that Gen Z, having never known a world without these technologies, may take them for granted...