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9 mind-blowing facts about the millennial housing market

Business Insider Logo By Steven John of Business Insider | Slide 1 of 10: 
  
    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.
  
  
    
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    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 the generation are
  saddled. Some 70% of
  recent college graduates finish school 
  with an average of $29,800 in debt to repay,
  plus the inevitable
  interest.

  Faced with these financial
  challenges, it's little wonder that millennials are buying
  different types of homes and in different types of locations than
  their parents did. And they 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.

  Here are nine surprising facts
  about the millennial housing market that put it in
  perspective.

9 mind-blowing facts about the millennial housing market



    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 the generation are saddled. Some 70% of recent college graduates finish school with an average of $29,800 in debt to repay, plus the inevitable interest.

    Faced with these financial challenges, it's little wonder that millennials are buying different types of homes and in different types of locations than their parents did. And they 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.

    Click or swipe through to see nine surprising facts about the millennial housing market that put it in perspective.

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