Where Do Millennials Outcompete Older Renters?

Conventional wisdom holds that because Gen Xers had more time to accumulate wealth, they are better able to buy a house than Millennials.

Nationally, that would be true as 40% of Gen X renters compared with 37% of Millennials can afford to buy a typical home, according to the National Association of Realtors (NAR). But the income gap between these two groups is narrowing. The NAR analyzed data from 100 of the largest metro areas and found 10 markets where Millennial renters can afford to buy a home compared with any other older generation.

To see the top markets where more Millennials than Gen X renters can afford to buy a typical home …

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