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Rentals Feeling First Signs of Millennials’ Impact

Like their baby-boomer parents before them the millennial
generation appears to be starting to drive parts of the housing market.  While their delay in forming households and
buying homes has been the subject of much comment and research, RealtyTrac says
they now appear to be impacting rentals. 

The California company just released an analysis of fair
market rents
and median home prices in over 500 U.S. counties.  The study found that, while buying is still
more affordable than renting in many parts of the country, in those markets
where the millennial population has increased the most rentals are a bigger
bargain.

…(read more)

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