The generation, born between 1981 and 1996, known as Millennials is forced to face a complex landscape influenced by economic shifts, technological advancements, and changing societal norms. Here’s a closer look at the key hurdles and the potential bright spots for millennial homebuyers. Challenges 1. Student Loan Debt Many millennials are burdened with substantial student loan debt, which affects their ability to save for a down payment and qualify for a mortgage. The average millennial carries around $33,000 in student loan debt, making homeownership seem like a distant dream for many. 2. Rising Home Prices The real estate market has…