search

The Real Deal Logo

Trending

Housing deal finally passes; here are the detailsHousing deal finally passes; here are the detailsLawmakers reach sweeping housing deal with “good cause eviction,” new 421aLawmakers reach sweeping housing deal with “good cause eviction,” new 421aHow low? LNR buys San Francisco office building for 11% of 2018 priceHow low? LNR buys San Francisco office building for 11% of 2018 priceBillionaire hedge funder Larry Robbins makes South Florida moveBillionaire hedge funder Larry Robbins makes South Florida move
Residential
New York

Millennials aren’t saving enough for a down payment on a home: survey

80% of millennials expressed the desire to buy a home, but 72% can't afford it

From TRD South Florida: The future of homeownership for millennials doesn’t look bright.

Sign Up for the undefined Newsletter

About 70 percent of millennials have reported that they’ve saved less than $1,000 for a house down payment, a new study from Apartment List reveals.

The survey concluded that less than 30 percent of even the older crowd, between 25 and 34, would be able to save enough for a 10 percent home down payment in the next three years, and a meager 15 percent could save that much in a year’s time, according to the Wall Street Journal.

Tags
HomeownershipReal Estate Finance