"Remember when people used to think millennials would never buy homes? Well, surprise! Millennial homebuyers have passed up baby boomers and Gen Xers for the fifth year in a row.
While I love seeing more and more of my generation making this big decision, I also want them to make sure they are doing it the right way!
So if you’re a millennial looking to buy a house, here are five things you can do to make that dream come true.
1. Pay Off Student Loans and Other Debt
What’s the biggest challenge facing millennial homebuyers? Student loans. Over 44.2 million Americans are paying off a national student loan debt of $1.48 trillion—and, in 2016 alone, the average student loan debt was $37,172 per graduate!
As if student loans weren’t enough, consumer debt has postponed the home-buying dream of many millennials. In fact NAR reports that, second to student loans, the two expenses that delayed saving for a down payment were credit card debt (32%) and car loans (32%)."
https://www.daveramsey.com/blog/millennials-and-homeownership
While I love seeing more and more of my generation making this big decision, I also want them to make sure they are doing it the right way!
So if you’re a millennial looking to buy a house, here are five things you can do to make that dream come true.
1. Pay Off Student Loans and Other Debt
What’s the biggest challenge facing millennial homebuyers? Student loans. Over 44.2 million Americans are paying off a national student loan debt of $1.48 trillion—and, in 2016 alone, the average student loan debt was $37,172 per graduate!
As if student loans weren’t enough, consumer debt has postponed the home-buying dream of many millennials. In fact NAR reports that, second to student loans, the two expenses that delayed saving for a down payment were credit card debt (32%) and car loans (32%)."
https://www.daveramsey.com/blog/millennials-and-homeownership