For the first time in Seattle, nearly half of millennials are home owners

In the last five years, the number of millennial homeowners in Seattle has doubled. 45% of the Seattle millennial population are homeowners, which is higher than the national average of 52%. Experts attribute the rise to a combination of low mortgage rates during the pandemic, delayed having children, and a shortage of housing supply. Low mortgage rates have since increased to 6-7%, so it remains to be seen if the trend will continue.