Millennials are holding off on buying their first home due to various reasons but primarily due to one goal.
A COLLEGE DEGREE! With a college degree comes the financial loads and hectic lifestyle which delays marriage and homebuying for the millennials.
How does this factor into homebuying for those who pursue a higher education versus those who do not?
Below, the graph shows homeownership rates amongst those who have obtained a college degree versus those who have not. Between 1997-2017, the gap between the rate of homeowners who obtained a college degree and those without a high school diploma has nearly doubled.