Boomers struggled more than millennials to buy their first homes: Realtor.com
Housing Wire
JUNE 17, 2024
It assumed a 10% down payment and did not factor in property taxes or homeowners insurance. And the youngest millennials (ages 28 to 43 this year) don’t turn 30 until 2026, so there is time for this trend to shift. For millennials turning 30, the typical mortgage payment has averaged only 22.5% of their median income.
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