Study Finds Millennials Struggle With Down Payments And Low Savings

National Mortgage Professional, Oct. 6, 2020–Navi Persaud
The housing market has continued to see an influx of buyers despite the COVID-19 pandemic thanks to low interest rates However, a study conducted by Point2 revealed that millennials are struggling to acquire homeownership because of down payments and low savings. Additionally, millennials now face financial uncertainty and possible unemployment at the hands of the pandemic.