80% of Millennials Say They Want To Buy a Home -- But Most Have Less Than $1,000 (cnbc.com)

An anonymous reader writes: Millennials aren't buying homes in the same numbers as previous and older generations, but it's not because they don't want to. The vast majority of millennials do indeed aim to buy someday, or would even like to now if they could. Unfortunately, the numbers don't look good. New data from Apartment List shows that, although 80 percent of millennials would like to purchase real estate, very few are in a good position to buy, largely because they have nothing saved. According to the report, '68 percent of millennials said they have saved less than $1,000 for a down payment. Almost half, or 44 percent, of millennials said they have not saved anything for a down payment.'

Comments

Re:What a coincidence

[ranton]

What this article also missed is that nearly 60% of all Americans don't have enough savings to cover a $500 - $1000 unplanned expense. This article is trying to make this a Millennial problem, but in truth it is just a reality of the majority of all US households.