It seems that everyone is waiting for millennials to save the real estate market. And it looks like it might happen – with a caveat.
They are not going to make the same mistakes their parents made.
A study in late March by the National Association of Realtors found that, contrary to popular opinion, millennials actually do want to buy homes — but they're postponing it because they assume they can't afford it, particularly the down payment. In fact, more than one-third of all homebuyers these days are 35 and younger. That's more than Gen X'ers and baby boomers.
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