Millennials – those born between 1981 and 1996 – have long lagged behind other generations in homeownership as only 43 percent owned homes while an average of 65 percent of other generations had purchased a home.
of course, there are many reasons for this: high student debt, slow wage increase, rising home prices, low inventory etc. But that all seems to be changing as millennials have accounted for 43 percent of all home purchases in 2022.
Many used the pandemic to pay down debt and stabilize their financial situation as they move into more job security. Is their time at hand?