Millennials buying fewer homes

Posted at 7:59 PM, Jul 28, 2016
and last updated 2016-07-28 19:59:40-04

Millennials are the generation on the move and the generation hit hardest by an economy that has yet to fully rebound.

Fewer millennials are buying homes than at any point in the last six years. Just a third of Americans under the age of 35 own a home.

The trend isn't just affecting younger adults, data released by the U.S. census bureau Thursday showed home ownership has hit a 51-year low. One explanation could be the increase in the number of rental properties available.

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