You have often heard the myth that student debt is keeping the vast majority of Millennials from purchasing a home.
People have explained that Millennials have purchased more homes over a recent twelve month period than any other generation as was reported by the National Association of Realtors).
They explained that the homeownership rate of people currently between the ages of 25-29 is 34.3%. That is higher than the 33.6% rate members of the previous generation (people currently between the ages of 45-49) achieved when they were that age (as per John Burns Consulting).
They explained that a recent survey showed that almost three out of every four (74%) young adults between the ages of 18-34 plan to buy a home in the next five years with 32%…