The younger generation of Americans will continue to rent rather than buy, predicts the Urban Land Institute.
ULI's new research paper, Housing in America: The Next Decade, details the reasons Gen Yers won't invest in real estate.
John K. McIlwain, senior resident fellow of ULI predicts that "the 'disillusionment' over homeownership as a means to build wealth could last for decades to come and those entering the housing market (Generation Y essentially) will be more apt to rent longer and place more emphasis on buying for shelter rather than for investment purposes."
FULL STORY: Generation Y chooses to rent
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The Not-So-Bright Side of Millennials
Guess which group is losing faith in the American Dream? Washington Post Wonkblog reporters Jim Tankersley and Scott Clement write on a Fusion 2016 Issues Poll released December 1 that surveys millennials on their chances for upward mobility.
How the Housing Market is Driving Millennials to Exurbs
As they age and form families, millennials find it increasingly difficult to afford housing in urban areas.
San Diego to Rescind Multi-Unit ADU Rule
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The VW Bus is Back — Now as an Electric Minivan
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Has President Trump Met His Match?
Doug Ford, the no-nonsense premier of Canada's most populous province, Ontario, is taking on Trump where it hurts — making American energy more expensive.
USDOT Eliminates Environmental, Equity Considerations
A new memo rescinds Biden-era regulations that prioritized renewable energy, accessibility, and equity for historically disadvantaged communities.
Study: Drops in Transit Ridership Linked to Extreme Weather
Unsurprisingly, people are less likely to use transit during extreme weather events, which are becoming more common around the country.
Washington State May Cap Rent Increases at 7 Percent
House Bill 1217 was passed by the House and will move next to the state Senate.
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