Sorry, you need to enable javascript to visit this

URGENT NOTICE: Relief Available for Homeowners Affected by Hurricanes and Other Disasters. Learn More ›

The Gradual Millennial Migration Into Homeownership

Dec 30 2015

When it comes to housing, the experts have examined the Millennial demographic with a mix of excitement, curiosity, and befuddlement. Millennials, a term that is often used to define today’s 25- to 34-year-olds, are not well understood (yet) by lenders and brokers.

An overwhelming majority of Millennials who are renting (an estimated 91 percent) have indicated plans to own a home at some point in the future.

According to recent data from Fannie Mae’s National Housing Survey, compiled by the company’s Economic & Strategic Research (ESR) Group, many Millennials who are currently renting homes say that it makes more sense, financially speaking, to own a home than rent.

“So although they haven’t been achieving homeownership at the same rate as their predecessor generations, they still express a large preference for homeownership,” says Patrick Simmons, director of strategic planning and business strategy for ESR.

The Kinds of Homes

Beware of Scams

Learn how to identify and avoid scam artists who promise immediate relief from foreclosure.

Find out more »


Find the answers to common questions concerning your mortgage and the various options to avoid foreclosure.

Find out more »


Visit our glossary of key terms to increase your understanding of the foreclosure options available.

Find out more »