Jonathan Smoke, the chief economist of realtor.com, pens this interesting and informative letter to millennials who are in a position to buy a home this year. This group, born between 1981 and 2000, is the country's largest, and believes home ownership has a role in building wealth.

That being said, they also believe that they face several economic challenges in the path to home ownership.

Look here to find a list of those challenges and things milllennials can do to over come them.