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Millennials, First-time Homebuyers Face Unique Challenges

Anyone who has spent time shopping for a home can attest to the frustration posed by the current real estate marketplace. Tight inventory easily is the biggest headache for both prospective homebuyers and the real estate professionals helping them.

Millennials entering the homebuying fray for the first time have found that many challenges await. From down payment confusion to credit history drama, working with a knowledgeable real estate agent can help them navigate the system more smoothly.

Millennials approach homebuying differently than older generations. Their preferences include relying more heavily on digital interactions and must-have amenities. With this age group representing 37 percent of the overall U.S. housing market, real estate agents and agencies have adapted to their penchants.