Found 2 blog entries tagged as millennial housing struggles.

1 in 8 Millennials

For the first time in eight years, the Millennial age group is not the top age group purchasing homes. In 2022, that percentage shrunk from 43%, all the way down to 28% which leads us to one in eight millennials having to move home in 2022.

How We Got to 1 in 8 Millennials Moving Back Home

How did we get to this point for millennials? The genesis of it started back in 2008 when we had the housing crash. The housing crash created a supply of fewer homes over the next 12 years as builders went out of business and banks stopped lending money on new developments. As a result of that, we had new family formations but not enough housing in this country. During that 12-year period, we had a 6.5 million home deficit created in this…

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House Hacking & Millennial Housing Struggles

Are you a millennial struggling to buy your first home? You're not alone. The latest data shows that millennials are no longer the largest group of homebuyers, with their percentage of homes purchased dropping significantly in 2022. We’ll look at what contributed to this decline, what the possible outcomes are for millennials if this trend continues, and what millennials can do to get into the housing market to start building wealth.

Millennial Housing Struggles

Millennials are having huge problems with housing right now. For the first time in eight years, millennials are not the largest portion of home buyers. They dominated from 2014 to 2021 but in 2022 they took a big downward spiral in…

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