Are Millennials Ready to Shed Rent and Take Over the Housing Market?

Over the last several years, millennials have rented to stay nimble and keep work opportunities open. Now, they're ready to buy.

While we're still feeling the impacts of the financial and housing crisis of 2008, it did allow first-time millennial buyers to head into the market with the knowledge their first home may not be their dream home. They're more open to multi-family options like condos and multi-plexes, so they can start building wealth despite today's low inventory of single-family homes. Read the analysis from Axios.