At last, Millennials Start Buying Homes

At last, Millennials Start Buying Homes

For years, we’ve heard that millennials really don’t want to become homeowners. Theories have included: They’ve got too much student loan debt to juggle a mortgage. Or they’re too skeptical of the American Dream because they watched the massive foreclosures that hit when some were just in high school. But while millennials aren’t likely to do things the way their parents did, it’s increasingly becoming clear that they aren’t going rent or live in their parents’ basements forever, either. Millennials are beginning to see housing as a way to invest and build equity now that home values have recovered after the housing collapse.