With student loans, credit card bills and savings and retirement funds to pay into, Americans 35 and younger are avoiding buying their first home.

Bankrate.com's Greg McBride says Millennials have something else to factor in.

"Now more-so than ever, it's important to have that career flexibility," adds McBride, "People change jobs more now particularly early in their career, so it may not make sense to buy a home right away."

He adds with real estate prices and mortgage rates going up, the payments for a home are about 15% more than they were a year ago.

The U-S Census Bureau reports the home-ownership rate for this group of Americans is only 36%.