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Millennials led the 2020 housing boom, but it wasn’t enough to catch up to boomers

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Despite fueling 2020’s boom in the housing market, millennial homeowners are still lagging behind.

More millennials bought homes last year than any other generation, according to Apartment List’s Homeownership report, as the pandemic accelerated a five-year trend in which millennial homeownership rates rose the fastest as the generation aged into the career advancement and prime homebuying stage of their 30s.

The influx of millennial homebuyers was goosed by families fleeing big cities for the suburbs and historically low interest rates, making buying easier for those with enough details ⇒

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