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."
Read the full story: Generation Y chooses to rent
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Planetizen Federal Action Tracker
A weekly monitor of how Trump’s orders and actions are impacting planners and planning in America.
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Brightline Florida files for bankruptcy
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Pennsylvania is building data centers in abandoned mines
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FREE Course: Walkable City 1: Why Walkability?
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