Millennials, or people spanning the ages of 24 to 39, are officially the nation’s largest generation, according to Pew Research Center. The young, but mature, age group is targeted to be in their prime home-buying years, but research shows they continue to lag behind previous generations in fulfilling the goal of homeownership.
To delve into the topic, Apartment List recently released its 2021 Millennial Homeownership Report that analyzed data from the annual Apartment List Renter Survey and Census Bureau’s Current Population Survey to assess whether millennials are catching up, if the generational homeownership gap exists, and how the ongoing COVID-19 pandemic might impact these trends in years to come.
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