Over the last several years, millennials have rented to stay nimble and keep work opportunities open. Now, they're ready to buy. About 4.8 million millennials are turning 30 in 2021, and many are expected to enter the home-buying game if they haven't already.
By the numbers, per a Realtor.com study:
• 43% of first-time millennial homebuyers have been looking for more than a year.
• 44% say they still need more money for a down payment and other closing costs.
• 34% say they can't find a house in their budget.
From AXIOS, April 12, 2021:
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When buying or selling a home, it's important to understand the market and gain helpful insights to help you achieve the best results.