Half of Millennials Own Homes. The Rest Fear They Never Will

Bloomberg, Apr. 19, 2023–Alice Kantor
For the first time, more than half of millennials own a home. The rest are finding it increasingly out of reach. The millennial homeownership rate hit 51.5% in 2022, US Census data show. It’s been a slog to get there for the generation that came of age during the financial crisis — by age 30, 42% of millennials owned their homes compared to 48% of Gen X and more than half of baby boomers.