Millennials going over budget to buy homes

The 2017 Zillow Group Report explores affordability challenges facing renters and a first look at post-millennial Generation Z’s housing patterns.

Builder

Millennials poured some $514 billion into the U.S. housing market over the last year as the largest generation of home buyers, Zillow reported Wednesday.

But new survey data shows their home-ownership aspirations are stymied by affordability issues, frustration with the buying and selling process, and a cutthroat housing market.

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