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Student loan debt and low income have often been cited as barriers when it comes to Millennial homeownership, but some may just be following their parents’ lead.

Aug 16 2016

Student loan debt and low income have often been cited as barriers when it comes to Millennial homeownership, but some may just be following their parents’ lead. Trulia.com reports that “Millennials who grew up in a home their parents owned are about three times likelier to own a home of their own compared to Millennials who grew up in a home their parents rented.” With many younger Millennials growing up in rented homes, they could be less likely than the previous generation to own a home, even when they reach “prime home-buying age.” (CNNMoney)