Volume 18 - Number 12
June 13, 2014
Are Millennials Avoiding Home Purchase?
For the past year or so, the Millennial generation has been everyone’s favorite punching bag for why the housing market isn’t stronger. Depending on which study you read, this demographic group of 80 million strong just can’t manage to save enough money for a downpayment on a mortgage. Instead, they’ve been living in their parents’ basements or – gasp – renting in “group” homes. This in turn has stifled the housing recovery, or so the experts claim ...
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