Steven John, provided by Published 10:11 am EDT, Sunday, June 16, 2019 Getty Images For millennials, the housing market looks a lot different than it did for their parents and grandparents. Rising housing costs and mounting student debt have led millennials to buy different types of homes in different types of locations than their parents did. Millennials are buying under different circumstances, too, often waiting longer, buying before marriage, or living with their parents to save cash so they don’t have to wait years for homeownership. Below are nine surprising facts about the millennial housing market that put it in perspective. Visit BusinessInsider.com for more stories. The housing market looks a lot different today than it did a couple generations ago. That’s something that more and more millennials, the group between the ages of 23 and 38, are discovering firsthand every day, whether they’re renting their first apartment or already on to their second purchase of a house. Why is the housing market so different for millennials compared to the one their parents and grandparents faced? In large part it’s because of how much housing costs have risen, but it’s also because of the student debt with which many members of… Read full this story
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