6 reasons why more millennials aren't buying homes

Millennial homeownership in the US is at a record low.

The age range of millennials - Bank of America Merrill Lynch economists used 25 to 34 - is usually prime time for purchasing a first family home. That demographic factor is one reason why some housing economists are bullish on demand.

However, the data has not yet caught up. Advertisement

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"We do not expect these factors to change in the medium term, keeping the homeownership rate low for young adults."

The following charts illustrate some of these factors.

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