: Builders have historically focused on more profitable, larger luxury assets, leaving a massive supply deficit for entry-level buyers . 🏠 What Millennials Want in a Home Millennials are buying more homes than you might think
: The typical first-time millennial buyer is now 36 years old . This is notably older than previous generations at the exact same life milestone . The Older vs. Younger Split : millennial home buying trends
: Over 50% cited the desire for a larger home as their primary motivator . This is heavily driven by delayed family formation and raising children . : Builders have historically focused on more profitable,
: Sky-high rent costs and general inflation make saving the traditional 20% down payment nearly impossible for many . The Older vs
Younger Millennials (ages 29–35) make up the bulk of first-time buyers .
According to data from Clever Real Estate via Mortgage Professional America, report facing at least one significant barrier to homeownership .