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July 17, 2014

Study: Millennials will buy homes, but later

  • A new report from Trulia shows ownership really lags for the middle aged, whose ownership rate was the lowest since 1976 thanks to the housing bust.
    • By JOSH BOAK
    AP Economics Writer

    WASHINGTON — Don't blame the millennial generation for lackluster home sales.

    They are increasingly ethnically diverse, more educated and less likely to be married — all factors that make them less likely to own a home, said a new report released Wednesday by Trulia, the online real estate firm. After adjusting for these population changes, younger Americans are actually buying homes at the same rate as they did during the late-1990s.


     
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