Four in Five Millennials Believe in Homeownership, But Still Struggle

Millennials, which account for half of all new mortgage originations, enjoyed a strong year in the homeownership market in 2020. In fact, they were responsible for a larger share of new home purchases last year than in 2017.

First-time home purchases also increased; in fact, they are speeding up enough to close the generational gap. Still, affordability is a big hurdle to improving millennial homeownership. 

To learn more about homeownership rates by generation in this study by Apartment List, click here.