Renting is more common than ever, but millennials still have hopes of owning a home. Business Insider explains why entering the housing market will be difficult for this young generation.
In this day and age, the 18- to 34-year-old crowd have lived up to their reputation as perpetual renters. Most blame the trend on the housing crisis, which led so many homeowners to downsize and stunted the home buying power of younger consumers.
But whatever trauma the Great Recession had on the minds of millennials, it hasn't stymied their hopes for owning a home of their own one day, a new study shows.