Opinion: Millennials leave the basement to buy homes

HOMEOWNERSHIP RATES have begun increasing over the past few years. / BLOOMBERG
HOMEOWNERSHIP RATES have begun increasing over the past few years. / BLOOMBERG
A few years ago, I wrote “The economy will one day improve, and the millennials will move out of their parents’ basements. When that happens, expect to see homeownership rates move back higher.” That day has arrived. Millennials are forming new households,  moving to the suburbs, buying furnishings and SUVs. According to Zillow Group data, people aged…

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