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Millennials are looking for dream homes, but Michigan’s competitive housing market keeps them out of reach
Updated Apr 13, 2021;
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As he enters his seventh month of house hunting, he’s been outbid five times.
“It’s just been really disheartening to fall in love with a home, write my cutesy letter of why I deserve it and then to be outbid is pretty heartbreaking,” he said.
America’s largest generation is growing up and entering a new milestone as homebuyers. Millennials make up the largest population of home buyers, according to the National Association of Realtors. But they are also having the hardest time finding a home within their budget, according to a realtor.com survey.