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The Challenges Millennials Face to Attaining Homeownership

Nearly 1 in 5 millennials have given up on homeownership


The share of millennials that expect to rent forever has nearly doubled in two years, to nearly one-fifth, according to an annual report from Apartment List.
The rental listing site’s 2021 Millennial Homeownership Report found that, in 2020, 18.2 percent of millennials who don’t currently own homes expected to always rent, up from 12.3 percent in 2019 and 10.7 percent in 2018. Millennials are the largest generation and the report pegged their age range as 24 to 39. The report combined data from the U.S. Census Bureau’s Current Population Survey and Apartment List’s annual renter survey.
Despite stereotypes of millennials not wanting to be tied down, of those who plan to never purchase a home, 74 percent said affordability was the main reason more than double the share who said they prefer the lifestyle benefits of renting such as increased flexibility and avoiding maintenance expenses, Apartment List said. ....

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Despite a Year of Financial Setbacks, 1 in 6 Americans Who Haven't Purchased a Home Since the Start of the Pandemic Are Still Planning On Buying a Home Within 2 Years


Despite a Year of Financial Setbacks, 1 in 6 Americans Who Haven t Purchased a Home Since the Start of the Pandemic Are Still Planning On Buying a Home Within 2 Years
Optimism for homebuying is still alive, and this group of hopeful homeowners is reshaping the way we finance this huge life moment
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LOS ANGELES, Jan. 28, 2021 /PRNewswire/ Despite the financial hardships of 2020 and the pitfalls of the housing market, new data highlights Americans optimism and reveals they are proactively carving their path when it comes to this big life moment: purchasing a home. Coinciding with the launch of MyWalletJoy s new personalized action plans that help consumers navigate life s big moments, its 2021 Hope for Homeownership report found that 1 in 6 (17%) Americans who have not bought a home since March 2020 are planning to do so within the next two years, or before December 2022. That intent was even higher among yo ....

United States , Yvette Ramos , Leslie Knobloch , Research Methodology , Homeownership Report , ஒன்றுபட்டது மாநிலங்களில் , ய்வெட் ராமோஸ் , லெஸ்லி க்நோபிலோச் , ஆராய்ச்சி முறை , வீட்டு உரிமையாளர் அறிக்கை ,