It’s not easy being a millennial. The generation that came of age during the Great Recession, watched college tuition rise 213 percent by the time they enrolled, graduated with crushing student loan debt and were later forced to delay important life milestones that previous generations took for granted — is finally getting on the homeownership wagon. And because of the related increase in demand, home prices are going up. According to the recent Home Price Index Report released by global analytics firm CoreLogic, prices increased by 4 percent in December year over year in the U.S. On a month-over-month basis, prices were up 0.3 percent in December 2019. That might not sound like a lot, but a study conducted back in 2017 estimated that millennials buying their first homes would pay around 39 percent more (adjusted for inflation) than baby boomers taking the same step in the 1980s. Three years later, the climb toward homeownership has become even more daunting. According to the CoreLogic report, home prices are expected to increase another 5.2 percent from December 2019 to December 2020. On a month-over-month basis, the forecast calls for U.S. home prices to increase by 0.1 percent from December 2019 to January 2020, marking
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