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Will 2016 be the year that millennials finally enter home ownership in a mass exodus of parents' homes and rental apartments?
Probably. Millennials are expected to make up the largest share of home buyers in 2016 and will buy one out of three homes in during the year, reports Finance and Commerce.
For a lot of millennials, buying a home means breaking through layers of scar tissue developed during the Great Recession. That’s both because the bad economy made it harder for young workers to save down payments and because of the stigma that got attached to homebuying after the mortgage bust. access to credit and availability of affordable homes aren’t improving as fast as millennial attitudes, meaning many first-time home buyers still expect to wait. At least, if they want to live in big city on the coasts.