Yet another poll has confirmed that millennials are very keen on homeownership, but only a small percentage of them plan to enter the real estate market in the coming year.
- Nearly 90 percent of millennial renters expect to buy a home in the future, but just 4 percent plan to do so within the next year.
- Amassing a down payment is millennials’ biggest barrier to homeownership, and almost half of them have not saved any money for that purpose.
- About 80 percent of millennials in the San Francisco metropolitan area will need more than 20 years to accrue a down payment at the current rate of savings.
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