Solutions Exist for the Home Buying Challenges Millennials Face
By Gene Mundt, IL/WI Mortgage Originator - FHA/VA/Conv/Jumbo/Portfolio/Refi, 708.921.6331 - 40+ yrs experience
(NMLS #216987, IL Lic. 031.0006220, WI Licensed. APMC NMLS #175656)
Are You a Millennial Hoping to Buy a Home?Solutions Exist to Address the Challenges You Face It's no secret ... Today's younger generation is finding it much more challenging to buy a home than their parents did. That's troubling and sad, as 9 out of 10 millennials report they want to buy a home. A recent revealing survey released by Apartment List shows that: 1. Only 4.9% of those millennials (those born 1981-1996 (22 to 37 years old) that want to buy a home say they will achieve their homeownership goal within the coming year 2. Around 34% of those hoping to buy a home believe they'll have to wait over 5 years to do so The culprits robbing these young people of their home buying dreams have been well-documented. Those are: Increasing home prices Student l...
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