Inman Connect Real estate professionals have been patiently waiting for millennials to enter the real estate market. Now, they’ve finally arrived. For years, several social and economic factors have caused millennials to postpone major life milestones such as marriage, having children and homeownership. Older millennials entered the workforce during the financial crisis of 2008, and over the past decade, the costs of living and education have significantly increased. Recently, though, there has been a shift. Since the beginning of the pandemic, millennials have started entering the residential real estate market at higher rates than ever before. Historically low interest rates, advancements in remote work and growing families have motivated many young adults to stop renting finally.