Open Houses



Supply constraints have driven up housing prices—often a leading indicator for rents—and renters are now feeling the effects. The result of these conditions has been a gradual increase in the rate of wage growth accompanied by a sharp increase in rental prices. 

While they have also had lower homeownership rates than older generations of the same age, millennial home buying is picking up steam. Home demand has surged during the COVID-19 pandemic, and many aging millennials are now in a better position to buy a home.