Millennials will be renting for a lot longer

millennials-will-be-renting-for-a-lot-longerCNBC

The U.S. housing market continues to move ahead, but a generation of homebuyers is being left behind.

That’s the conclusion of an analysis of homeownership by John Burns, a real estate consultant and author who has crunched the numbers in a new report.

Homeownership rates have fallen across all age groups since the housing collapse in 2009, but the biggest drop has been among the millennial generation.

Continued:

Related: Study finds young adults need to save for at least 5 years to buy a home

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