This is how long the coronavirus pandemic could delay millennials’ homeownership

The economic downturn prompted by the viral outbreak put a huge dent in millennials’ savings, which will make it harder to gather the resources to purchase a home

Millennials may not be as vulnerable to serious health complications from COVID-19 as other generations, but they will still feel the effects pandemic’s economic fallout, according to a new report from Realtor.com

The rapid rise in unemployment and broader economic downturn prompted by the coronavirus outbreak has forced millions of Americans to dip into their savings to cover routine expenses. But while the coronavirus-fueled economic slump happened quickly, it will take a long time to recoup those funds...
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RSK: If both people are working I believe many lenders would find a way for a couple or duo to purchase a home.



- - Volume: 8 - WEEK: 25 Date: 6/16/2020 8:52:51 AM -