Source: Housing Wire —
Although there are 4% fewer owned homes in the United States than there were in 2010, an increasing share belongs to highly educated people. And, with Millennials cementing their status as a driving force during the last decade, the life priorities of this pragmatic generation are reflected in the socio-economical makeup of today’s United States. Compared to Baby Boomers and Gen Xers, Millennials are more prone topostponing traditional life decisions — like starting a family and buying a house — in favor of gaining education and financial independence first.
So, while factors such as mortgage fluctuations or housing market volatility may explain the nationwide inability to own a home, this generational shift could answer for the increased ability of those with a degree.