Millennials  born between 1980 and 1998 are buying homes at a slower rate than their parents.  Not only the down payment, BUT the closing costs which are easily $4,000 and up.  Homebuying is one of the economy’s biggest stimulators, because these folks also buy all sorts of related goods and services.  All these related costs make it more difficult for millennials to purchase a home.  MORE TO COME!