3 things Millennials need to do before looking for a home
More Millennials than ever to enter the housing market
The Harvard University Joint Center for Housing Studies released its annual report, showing that a large portion of Millennials feel unprepared financially to pay a down payment on a home. However, that could be about to change.
Millennials may be delaying homeownership for now, but the next 10 years will show a shift in that trend as the Millennial-headed households are expected to increase by 2 million households per year.
In all, Millennial-headed households are expected to grow from 16 million in 2015 to about 40 million in 2025, according to the report.
With so many people entering the housing market at once, it’s important for Millennials to remember a few key tips before searching for a first home.
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