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The pandemic ruined the homeownership dream for a quarter of millennials, BofA survey finds


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Homeownership dreams are fading for some millennials.

Nearly a quarter (24%) of 20- and 30-somethings said the pandemic has decreased the likelihood they’ll buy a house, according to Bank of America Research’s sixth annual millennial home improvement survey, which polled over 1,000 members of the generation. That’s slightly more than those who believed the pandemic increased their chances of homeownership (23%).

Soon after the pandemic arrived, historically low interest rates helped fuel a housing boom. Millennials, who reached the peak age for first-time homeownership, according to CoreLogic, led the housing recovery. After details ⇒

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