The homeownership rate is up for the first time in 14 years, meaning Millennials actually are buying homes—despite all the myths. The overall homeownership rate rose from 63.7% to 64.2% year over year, and households headed by someone under-35-years-old saw the highest uptick, rising from 34.7% to 36%. And if the figures aren’t convincing enough, just take it from Trulia’s chief economist: “This is happening because young households are buying homes. Full stop.” (WSJ)
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