"Millennials Co-habit with Parents to Save for Home Ownership"
Millennials are increasingly living with their parents to save money for home purchases amid high rental and real estate prices. The National Association of Realtors reports a rise in first-time buyers moving directly from family homes to their own, with the median age for first-time buyers now at 36. High costs of living, student debt, and competitive housing markets have led to this trend, which also coincides with a rise in multigenerational households. Despite the challenges, some millennials, like Brandon Paulin and Alex Mourousias, have successfully transitioned to homeownership through this strategy.