Millennials Have Found It Hard to Buy Homes – But Things May Be Turning a Corner For years, the dream of owning a home has felt like a cruel joke for millions of millennials. They did what previous generations told them to do: study, find a job, work hard, save money and plan for the future. Yet when they finally looked towards the housing market, the finish line seemed to have moved further away. House prices had climbed. Rents swallowed an increasing share of salaries. Mortgage costs became more painful. And the deposit needed to buy a home often seemed impossibly large. For many millennials, homeownership was no longer a milestone reached in their twenties or early thirties. It became something to postpone, negotiate or abandon altogether. But there are signs that the story may be changing. The improvement is hardly dramatic, and buying a home remains difficult for many young adults. Yet a combination of slower house-price growth, changing mortgage conditions, wag...