Justin Lambert/Getty Images
Buying old homes and renovating them has made homeownership more attainable for the generation.
But BofA Research data reveals many are taking out loans for home improvement projects.
As prices for homes reach record-highs, millennials are turning to fixer-uppers as a more affordable solution.
More than three-quarters (82%) said in Bank of America Research s sixth annual millennial home improvement survey that they re more likely to buy a fixer-upper than a newly built home. The survey polled over 1,100 members of the generation.
It s the latest takeaway from a historic housing shortage that s forcing millennials into their second housing crisis in 12 years. Contractors have been underbuilding since the Great
These are unusual times, and the state of affairs can change quickly. Please check the latest travel guidance before making your journey. Note that our writer visited pre-pandemic.
Start exploring Miami s buzzing restaurant scene with a visit to a sizzling steakhouse on the South Beach s Art Deco-bedecked promenade, or maybe tuck into a crusty pizza freshly fired from a brick oven in Sunset Harbour. Other highlights include seafood platters downtown, daily specials at artisanal bakeries in Wynwood and Peruvian ceviche in Coconut Grove. Follow Telegraph Travel s destination expert Shayne Benowitz for her favourite foodie places in Miami, along with plenty of menu recommendations (and, importantly, the best cocktails to go for) and advice â including tips on what you can order off-menu.