Fannie Mae: Millennials finally starting to buy homes

As Millennials get older, they are increasing homeownership rates faster than in previous years, according to research from Fannie Mae.

Fewer Millennials are buying homes than previous generations, true.  However as they get older, they are making up for lost time; The rate of increase for Millennials is significantly higher than the rate of increase for previous generations.

This is due to the fact that, whereas other generations bought their homes at a younger age, Millennials did not.

Now, as the housing market continues to recover, more Millennials are moving into homeownership. Some oft-cited reasons for the possible delays are commonly believed to be onerous student debt levels and a preference to renting.

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