businessinsider.in
One thing keeping home demand — and prices — up is that there are a lot of millennials trying to buy.In 2020, millennials overtook baby boomers as the largest generation. That group, roughly aged from the mid-20s to early 40s, is also entering their prime home-buying years, with the average age of first-time home buyers at 36.The average millennial has also seen their net worth double in the last five years, from about $54,000 to $115,000, according to The Federal Reserve.The demand for homes fr…
11 months ago