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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A weekly monitor of how Trump’s orders and actions are impacting planners and planning in America.
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Washington State’s Parking Reform Law Could Unlock ‘Countless’ Acres for New Housing
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Wildlife Rebounds After the Eaton Fire
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LA to Replace Inglewood Light Rail Project With Bus Shuttles
LA Metro says the change is in response to community engagement and that the new design will be ready before the 2028 Olympic Games.
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