According to a 2015 Urban Institute report, delayed marriage and student loan debt are the biggest factors holding millennials back from buying homes. But though the path to homeownership is rocky, many millennials still want that "American Dream." In fact, according to the Census Bureau, nearly 37 percent of them already own homes.
If you feel like owning your apartment or a home seems out of reach, you might want to hear the stories of your fellow cohorts who have become homeowners. So far we've heard from Ashley Coleman, who shared her experiences with borrowing from her 401K and getting an FHA loan; Billy Lyons, who kept his costs low while saving up for a down payment by first living at home and then renting affordably; Lauren DiTullio, who worked hard to find the best agent that would help her find an accessible, affordable starter home; and Krystal Covington, 34, who saved up money in an affordable city before moving to a more expensive one. For our last installment, Rory O'Reilly, 34, shares how patience, diligent savings, and a move to the suburbs helped him and his wife afford their home. (Just a caveat, these are first person stories—not necessarily financial advice, so talk to a professional to see what works for you!)
from Apartment Therapy | Saving the world, one room at a time http://bit.ly/2CJVe35
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