SHARE: Lifestyle Choices, Not Student Debt, Keeping Homeownership At Bay For Millennials
The homeownership rate is falling — from a high of 69 percent in the mid-2000s to less than 64 percent today — and lack of millennial demand is a major factor. Some even see a lower homeownership rate as “the new normal,” as an Urban Institute study declared. This trend appears worrying, especially with homeownership still strongly linked to the American Dream. But to fully …
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