With regards to the National Relationship off Real estate professionals, the newest median age basic-big date homeowners try thirty-five years old, which means the fresh millennial generation-generally regarded as somebody created between 1981 and 1996-has reached new stage within lifetime where buying property is oftentimes a top priority. But really recently, the price of homeownership features increased in high part due to a detrimental mixture of higher rates of interest and you will scarce directory, making millennials having a challenging homeownership mindset.
