Millennial homebuyers are becoming a "dominant force" in the high-end housing market, according to a report by Bloomberg. Millennials buying their first home will pay 39 percent more than baby boomers did in the 1980s, according to a study by Student Loan Hero. That’s causing many millennials to wait longer to buy homes, so they can save up for a down payment and pay off debt.
However, wealthy millennials are bucking the trending of first purchasing a “starter home.” Instead, they're going big.