Financial Education Is Key To Smoothing The Home-Buying Process For First-Time Buyers
By: Forbes Magazine
Dec 10
Homeownership is the “American Dream” handed down from generation to generation, and millennials have taken the baton. In its annual homebuyers report, the National Association of Realtors stated millennials (those currently aged 22-40) have been the largest share of homebuyers since its 2014 report. Of homebuyers surveyed, they accounted for 37% of those who bought homes between July 2019 and June 2020.
However, a separate survey of about 2,650 U.S. adults found that 64% of millennial respondents who bought into homeownership regretted their decision. Their biggest regret was not being prepared for home maintenance costs.
About the American Property Owners Alliance
The American Property Owners Alliance (The Alliance) is a nonpartisan, non-profit organization created to protect and support property owners and pave the way for future property owners. Our mission is to educate property owners about federal issues, laws and policies; to advocate for owners’ rights and interests; and to mobilize, when necessary, to secure those rights and interests.
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