For Millennials, Homeownership Is a Waiting Game

Millennials have their sights set on homeownership—but a new report makes a case that their dreams could be years from becoming reality.
According to a survey by ApartmentList.com, though 80 percent of millennial renters aspire to become homeowners, 72 percent are held back by an inability to afford a home, with saving for a down payment the most challenging obstacle to overcome. Sixty-eight percent have less than $1,000 saved for a down payment; 44 percent, decidedly, have no down payment