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How the Pandemic Is Helping Some Millennials Realize Their Home-Buying Dreams

This year’s coronavirus pandemic and the accompanying recession have turned a lot of people’s financial plans upside down. But those millennials who’ve been lucky enough to hang onto their jobs are fast-tracking their plans to buy a home, in part because the pandemic is helping them do so.

The nation’s largest generation has been helped by record-low mortgage interest rates, according to a recent realtor.comĀ® survey. Those low rates are helping to offset home prices that are at an all-time high in many places.

In addition, the survey results show that stay-at-home orders have helped these 20- and 30-somethings save money they might otherwise have spent going out, thus helping them amass a down payment.


The report is based on a June survey of 2,000 home shoppers who plan to purchase a home within the next year. Those planning to buy a home, of course, are more likely to still

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