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What are the Top 5 Home Buying Hurdles Millennials Face?

Posted on Jan 8, 2018, 8:14:31 PM GMT

It’s no secret that first-time homebuyers are struggling to find affordable housing in today’s competitive market. Millennials make up about 42% of all buyers on the market and 70% of first-time buyers.* While many Millennials are looking to stop renting and move into a home, there are common obstacles.

Check out the infographic below for "The Top 5 Home Buying Hurdles According to Millennials."

Infographic showing the top 5 home buying hurdles according to millennials.

Freedom Mortgage Wholesale offers a range of products to help combat these hurdles to home ownership. Contact a Freedom Mortgage Account Executive to learn more.

*Source: Zillow Group Report, 2017

Gen Z and Homebuying

Generation Z—those born between 1995 and 2010, so between 9-24 years old today—represent a larger share of the population than Millennials, with their cohort of some 68 million vouching for a quarter of the U.S. population. By 2020, Gen Z will account for 40% of all consumers in the U.S.*

Who are Today’s Home Buyers and Sellers?

On October 29th, the NATIONAL ASSOCIATION OF REALTORS released the “2018 Profile of Home Buyers and Sellers.” This annual report provides insights into consumer trends related to the housing market.

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There was a time when social media was simply a fun way to stay in touch with your friends or share nonsensical videos on the internet. That time is over.