Millennials, a demographic cohort defined loosely as the generation born between the early 1980’s to the early 2000’s, are purchasing homes less and renting homes more. True homeownership rates for ages 18-34 have fallen to a record low. It is predicted the homeownership rate will continue to fall throughout the next 10-15 years meaning millennials will be renting for a longer amount of time than the previous parent generation. Read More