The generation's demand for housing isn't slowing down, experts say, helping to keep property prices high.
For a large number of millennials, the generation born between 1981 and 1996, the time to buy a home has never been quite right.Older millennials were not yet 30 when the financial crisis of 2007-2008 upended the housing market and the US economy, causing the worst downturn in the country since the Great Recession.
'In the near future, more millennials are going to look into buying a home, Coers said, 'bringing up demand as the market works through that generation.'Coers thinks that it's likely that the U.S. will build a lot of homes to catch up with the millennial generation 'and then there will be smaller generations coming forward and that will hopefully regulate the housing market, because lack of affordability has become a huge problem.
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