Here's how much money millennials shopping for homes this year plan to spend

Of the millennials planning to buy a home in the next year, just over 30 percent plan to spend between $200,000 and $299,999, while 27 percent plan to pay between $100,000 and $199,999. Only 5 percent have a budget of $500,000 or more, despite the high prices in many major U.S. cities.