According to the Urban Institute’s “Millennial Homeownership” report, when baby boomers and Gen Xers were of present day millennial’s age, the home ownership rate of present day millennials is 8 percentage points lesser if comparison is made. This implies that buying homes for millennials is more difficult when compared to their elders. In the history of U.S.A millennials are the most educated generation. On the flipside student loan debt creates a hurdle in saving for down payments for them. The likelihood of a person to buy a home reduces due to a meagre 1% growth in his/her student loan debt according to The Urban Institute’s research. If we make the comparison of median amount of debt, the millennials hold $19,000 – the average debt that Gen Xers had at the same age as present day millennials $12,800 lesser. When a person spends more that 30% of his/her income on housing, that person is rent burdened. Numerous millennials are rent burdened as they rent for longer compared to their elders. Their housing expenses being higher don't help either. This makes it another contributing factor behind difficulty for millennials to transition into home ownership. Delayed marriage is another possible causative factor behind decreasing the probability of home buying for the millennials. The present trend of remote work can be a silver lining. As it may push the need of transitioning into homeownership among the millennials. Down payment assistance can help them in home buying despite the higher prices of homes in suburban areas.