A recent report from Apartment List indicates that Millennials, the largest generation in the U.S., are playing a significant role in the housing market. According to Census data, Millennials are currently purchasing more homes than any other generation. However, their rate of homeownership per capita is increasing at a slower pace compared to previous generations.
Today, Millennials make up the largest generation in the United States, ranging from ages 29 to 44, and are key players in the housing market. They are at the age their parents were when they settled down, started families, and bought homes. However, the affordability landscape today is different, and for many Millennials, homeownership is no longer synonymous with the “American Dream.”
Click here to read the full report at Apartment List.