A man walks past open house signs in front of condominiums for sale in Santa Monica, California, October 17, 2010.  REUTERS/Lucy Nicholson (UNITED STATES - Tags: BUSINESS) - RTXTJOL
A man walks past open house signs in front of condominiums for sale in Santa Monica, California, October 17, 2010. REUTERS/Lucy Nicholson (UNITED STATES - Tags: BUSINESS) - RTXTJOL

Millennials are delaying home ownership and by looking at the two groups of millennials, high-achieving students from rich districts and those less likely to move for or attend college, one can see why they are delaying this part of life. CityLab staffer Derek Thompson reports that the former has simply paused the path to home ownership in order to work on careers, while the latter is "stuck":

The primary reason that the U.S. now has a record-high number of 18-to-34 year olds living with their parents is not because some rich white twenty somethings are taking a year after graduation to save money. It is because black and Hispanic Millennials who didn’t go to college, or did not finish college, are more likely to live with their parents than any time since the late 1800s.

Read more >