Ninety-two percent of Millennials say inflation impacted their home buying plans, but most are still buying them anyway. 

Ninety-two percent of Millennials say inflation impacted their home buying plans, but most are still buying them anyway. According to a Real Estate Witch survey, “28% of those [M]illennials are delaying their buying plans,” but 59% are responding to inflation by saving more money for their eventual purchase. Meanwhile, over a third (36%) are spending more than they expected, 26% are buying fixer-uppers, and 25% are buying smaller homes. But the good news is, home prices are starting to drop: according to Realtors association, “the median price for an existing house was $366,900 in December, just 2.3% higher than a year earlier” and a decrease from $416,000 in June. YPulse research shows that finding / buying a new home is Millennials’ top life milestone / event they’re looking forward to this year, and clearly many are forging ahead with that goal despite obstacles. (CNBC)