They want to buy but few young Americans plan to purchase a home in the near term. Here’s what a report revealed about why millennials are uncertain about investing in their own abode.
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Millennials: Want to Buy, Forced to Rent
The rate of homeowners in the U.S. has reached a historic low. Many question if the largest living generation, millennials, will purchase homes at similar rates to previous generations. Apartment List’s annual renter survey included input from 24,000 millennials, which they analyzed to better understand millennial homeownership plans.
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