Millennial Home Buyers Face Shortage of Starter Homes

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A few reasons Millennials might want to purchase and own a home include security, independence, building equity, stability, and financial flexibility. However, signs are showing that it will be difficult for the millenial age group to accomplish this due to a tight supply of starter homes for young potential home buyers.

A recent article from Forbes states that “nearly 45 million Americans will reach the typical age for first-time home buyers within the next 10 years, 3.1 million more than the past decade,¬†creating stumbling blocks in an already challenging market for those racing for a spot in the starter home market.”

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