With a poor average credit score, millennials are missing out on housing recovery

September 2, 2014

Most millennials – everybody aged 21 to 34 – have a credit score below 620, making them less likely to be approved for a mortgage. Jonathan Smoke, Realtor.com’s chief economist, argues that this is the most likely reason why the generation is left out of the housing market despite six years having passed the worst financial crisis in decades.

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