The power of mortgage rates ‘cannot be overstated’ Though high mortgage rates persist, a new Realtor.com survey indicates some younger potential homebuyers are growing tired of delaying their purchase plans. AJ LaTrace, Real Estate News May 30, 2025 Despite steep mortgage rates and hesitancy in the housing market, millennial homebuying intent has increased in recent months, a new survey from Realtor.com found. The findings suggest a generational shift in attitudes toward homeownership, even as the broader market remains subdued due to affordability concerns and the ongoing mortgage rate lock-in effect, which has tied up inventory of existing homes in many markets across the country. Some millennials plan to buy — and soon: According to the April survey conducted among 2,203 adults, 23% of millennial respondents expressed an intent to buy a home within the next six months, up from 15% in September 2024. Millennials were the only generation surveyed with a heighte...