CNN Your Money April 26, 2014 18:23:00
Experts say, not yet. why? call it housing's millennial effect. unemployment still stubbornly high for younger americans. and many already owe tens of thousands in student loans. when millennials find a job they just want a roof over their head, not a mortgage. plus, credit is tight so buying is tough. a down payment even tougher. also, millennials value mobility. and urban areas often convenience. that demand pushing up rent prices across the u.s. rent's up 3% over the past year. and nearly twice that in renter heavy cities like san jose, san francisco, seattle, and boston. but long-term, the...
Source: archive.org