For those supporting the American Dream of owning a home, recent data from Apartment List can prove startling.
A new report showed that with each passing year, the share of Millennial renters saying they will never own a home is increasing (now 22 percent)—and post effects from the pandemic are accelerating the trend.
The Millennial homeownership rate stands at 48.6 percent, according to the most recent Census data, more than 20 percentage points lower than the rate for Gen X and almost 30 percentage points lower than Baby Boomers.
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