2022 Power Broker Report    RISMedia   

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Millennials: Want to Own, Less Sure it Makes Financial Sense

By Meredith Dunn, Research Communications Manager, NATIONAL ASSOCIATION OF REALTORS®

Millennials, or Gen Y, are an important generation to the real estate industry. Not just because this generation is the future, but also because, for the fourth year in a row, they are the largest share of homebuyers at 35 percent. Yet they also face several distinct challenges on the road to homeownership: student debt, low inventory and rising prices.

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