Millennials are waiting longer to buy homes — but that's because buying a home is harder than it was for their parents' generation
Millennials are taking longer to save to buy a home thanks to a dip in affordability and a rise in student-loan debt. But buying a home as a millennial is possible — we talked to five millennial homeowners to find out how they did it. By adhering to a budget, using an assistance program, living rent-free with their parents, or opting for down payments below the standard 20%, they were able to save enough to buy their first home.
Millennials are taking longer to save to buy a home thanks to a dip in affordability and a rise in student-loan debt. But buying a home as a millennial is possible — we talked to five millennial homeowners to find out how they did it. By adhering to a budget, using an assistance program, living rent-free with their parents, or opting for down payments below the standard 20%, they were able to save enough to buy their first home.
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