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High rents push millennials towards home buying

Americans in their 20s and early 30s made up 32 per cent of the US housing market in 2014, up from 28 per cent two years earlier

The gap between rents and incomes is widening to an unsustainable level in many areas of the country, according to a study this month from the National Association of Realtors.


AMERICANS in their 20s and early 30s are getting a nudge towards homeownership a decade after sales peaked during the housing bubble. It's not their nagging parents. It's rents. They've risen so much that buying is making more sense.

"I pay US$1,410 in rent for my one-...

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