Why it sucks to be a millennial homebuyer (and what agents can do)

  • Inventory absorption and home prices are rising so fast that homebuyers -- particularly millennials -- are going over budget and turning to friends and relatives for down-payment help.
  • Buyers are keeping their options open. Most first-timers and millennials simultaneously consider renting and buying.
  • Buyers most value agents' help in guiding them through the overall buying process and leading contract negotiations.

The job market is at what economists consider full employment, home prices keep rising, and wages are showing signs of growth. Good news for real estate, right? If you’re a millennial hoping to buy your first home, maybe not.