Millennials, those born between 1981 and 1996, are buying houses at an unprecedented rate, driving up prices in the process.
For many millennials, the timing has rarely seemed ideal to purchase a home. Older millennials faced the 2007-2008 financial crisis just as they were nearing 30, leading to a major economic downturn. Younger millennials, entering the market later, encountered high demand and low inventory, pushing prices to unaffordable levels. Read the rest of this entry »