A survey recently conducted by real estate firm Clever found 80% of would-be millennial home buyers are in debt, with nearly half (46%) $10,000 or more in debt and 1 in 5 (19%) $50,000 or more.
The firm’s Millennial Home Buyer Report: 2023 Edition also shows that 92% of millennials feel the current inflation level is impacting their home-buying plans.
However, debt remains a looming barrier to homeownership among millennials. In fact, more than