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
As Homeownership Slips, So Do Expectations
For an "entitled generation," Millennials feel less and less entitled to one of the hallmarks of the American Dream: homeownership. But that doesn't mean the goal is permanently out of reach.
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.
Analysis: Cybertruck Fatality Rate Far Exceeds That of Ford Pinto
The Tesla Cybertruck was recalled seven times last year.
National Parks Layoffs Will Cause Communities to Lose Billions
Thousands of essential park workers were laid off this week, just before the busy spring break season.
Retro-silient?: America’s First “Eco-burb,” The Woodlands Turns 50
A master-planned community north of Houston offers lessons on green infrastructure and resilient design, but falls short of its founder’s lofty affordability and walkability goals.
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Analysis: Cybertruck Fatality Rate Far Exceeds That of Ford Pinto
The Tesla Cybertruck was recalled seven times last year.
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