The Shifting Landscape of Millennial Homeownership.
TL;DR Summary
The number of millennial homeowners has increased by 7 million over the past five years to more than 18 million, with 52% owning a home in 2022, according to a report from RentCafe. Despite the shift, baby boomers continue to dominate the housing market with 32 million owners. Millennials faced a number of challenges that stalled homeownership, including the Great Recession and considerable amounts of student loan debt. However, this generation has more recently had a number of economic factors working in their favor and are "now in their prime homebuying years," according to RentCafe.
- Millennials finally flipped from a generation of renters to homeowners USA TODAY
- Millennial Homeowners Finally Outnumber Millennial Renters The New York Times
- Are baby boomers pushing millennials out of the housing market? CBS News
- Millennials Are Desperate To Buy A Home — But Cash-Flush Boomers Are Standing In Their Way TechDigg
- Study says millennial homeowners in Portland grew by 146% in 5 years KOIN.com
Reading Insights
Total Reads
0
Unique Readers
11
Time Saved
2 min
vs 3 min read
Condensed
81%
512 → 95 words
Want the full story? Read the original article
Read on USA TODAY