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Millennials might say they want to buy a house, but too many aren't doing anything about it

Millennials might say they want to buy a house, but too many aren't doing anything about it
emilykneeter/flickr



Millennials seem eager to be homeowners one day, but too many aren't saving for it, according to an INSIDER and Morning Consult survey.




Of the 1,207 millennials surveyed, 31% expect to own a home but aren't currently saving for one.




Millennial homebuyers are increasingly relying on larger mortgages to buy homes.




Millennials' savings habits are abysmal overall, perhaps due to a heavy student-loan debt burden.




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It's no secret millennials are eager to be homeowners.
Earlier this year, a Realtor.com report revealed millennials as a generation are now responsible for the largest share of new mortgage loans by dollar volume, narrowly surpassing Gen X for the first time. As millennials age and start families, they're buying more homes than ever, and they're making lower down payments despite rising home prices, which require larger mortgages.
Results from a recent INSIDER and Morning Consult survey may offer some insight as to why millennials are increasingly relying on mortgages: Many are just not saving enough cash.
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