Millennials Buying Homes -

: Baby Boomers currently own 28% of the nation's large homes, often with fully paid-off mortgages, leading to a significant mismatch as young families with children only own 16% of these properties.

: Affordability varies wildly by location. While major hubs like Los Angeles or Northern Virginia see average prices between $750,000 and $870,000 , markets in the Midwest and Central Virginia remain much more attainable. millennials buying homes

: High mortgage rates (hovering around 6-7% ) and student loan debt are the primary barriers cited by 25% of potential millennial buyers. Emerging Buying Strategies : Baby Boomers currently own 28% of the

The "Millennial struggle" in real estate is driven by a unique set of economic pressures: often with fully paid-off mortgages