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Millennials hold relatively little real estate value compared to baby boomers at their age.

One astonishing statistic shows just how behind American millennials are when it comes to homeownership

Millennials own 4% of real estate value, compared to 32% of baby boomers at their age thanks to rising housing costs and lack of starter homes.
Millennials don't want the same types of homes baby boomers do.

Millennials don’t want to buy baby boomers’ sprawling, multi-bedroom homes, and it’s creating a major problem in the real-estate mar...

Millennials aren't buying large, elaborate houses built by baby boomers, leaving the homes to sit on the market and eventually sell at huge discounts.
Starter homes are scarce.

American millennials are expected to be a driving force behind the housing market in 2020, but there’s a problem: There aren’t enough star...

Most new houses built in 2019 cost at least $500,000, creating a starter home shortage — and real-estate investors are snapping many of them up.
Millennials and Gen X may not want baby boomers' homes.

Baby boomers are expected to move out of 21 million homes across the US in the next 2 decades, but there’s a major problem: Gen X and millennial...

Most baby boomers' homes aren't in major metro areas, and they tend to be pricey and big — an off-putting package for millennials and Gen X.
Bobbi Rebell is the host of the "Financial Grownup" podcast.

A financial planner on the verge of regret after buying her first apartment remembered a key piece of money advice from her grandfather

At 23 years old, Bobbi Rebell purchased her first apartment in New York City. When prices fell shortly after, she feared she got a bad deal.
Millennial millionaires are more likely to be married and homeowners than their peers.

Wealthy millennials are more likely to be married than the rest of their generation — and it shows how critical a role money plays in traditiona...

Millennial millionaires are nearly three times as likely to own homes and nearly twice as likely to be married as typical millennials.
The author is not pictured.

I looked into ‘house hacking’ to live for free, but there are a few reasons I’ve decided it’s not for me

House hacking is where you utilize your primary residence to help you earn income, so you can live for free or drastically reduce expenses.
Kelly Burch in front of her home in New Hampshire.

Here’s exactly what it costs to own my 3-bedroom, 2,700-square foot home on 2.3 acres in rural New Hampshire

I bought my house at a bargain because it was a foreclosure, so I only owe $161,000, but my mortgage and taxes are still my biggest expense.
Homeowners insurance covers damage related to weather and some catastrophic events.

What does homeowners insurance cover? Here’s how a standard policy works

Homeowners insurance covers damage to property and belongings, loss of use, liability for personal injury, and medical payments to others.
Rogelio Huerta and Maria Soto sitting on the steps of their home in Illinois with their two children.

White Americans make up a disproportionate number of US homeowners, and it’s most extreme in New York City

In the New York metro area, white Americans make up less than half the population but own more than half of the area's owner-occupied homes.