Millennials have the lowest historical homeownership rate for people in their age group. In the second quarter of 2016, it dropped to the lowest rate of 62.9% which is even lower than the homeownership of 1965. When the U.S. Census started tracking the metric. During the epic housing boom in the mid-2000s, the rate soared to as 69.2 percent. The drop in homeownership is mostly due to a delay in home buying by the millennials, who have the lowest ownership rate of their age group in history. This Infographic from Mortgage Calculators covers a variety of reasons that review what is going on with the current state of the US housing market.
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