November 23, 2024

Half the nation’s millennials are now homeowners; 53% of Arkansas’ millennials own homes

JETTON #JETTON

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FILE – A sign announcing a house for sale is posted outside a single family home, Tuesday, Feb. 7, 2023, in Exeter, N.H. Several housing economists are projecting that mortgage rates will ease moderately next year, though the forecasts call for the average rate on a 30-year home loan to remain above 6%. While lower rates could help bring more buyers off the sidelines, the projected declines are unlikely to encourage homeowners who locked in rock-bottom rates two years ago to sell. (AP Photo/Charles Krupa, File)

Millennials in the United States passed a milestone in 2023 with half of the generation, currently in their late 20s to early 40s, being homeowners.

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