Millennials and Homebuying: Myths and Reality

Study: Many Millennials Want to Become Homeowners but Believe It’s Impossible

A common narrative in our age is that millennials are breaking with the habits of their parents and grandparents when it comes to homebuying. Millennials, the story goes, are renting longer, living with their parents, and are saddled with student loan debt. In short, it would seem they aren’t interested in homeownership.

But a new NerdWallet analysis that examined a number of surveys and data from government agencies and private organizations found many of these perceptions to be false. Our research showed that a majority of millennials would prefer owning to renting, but they appear to be postponing homeownership because of real and perceived difficulties in affording it. In fact, our analysis found that millennials, those born from 1981 to 1997, look upon owning a home just as favorably as previous generations.

Facts on millennials and homebuying

U.S. millennials total 66 million individuals[0] and 24…

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This article was written by NerdWallet and originally published on