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COMMENTARY

Millennials leaving the basement to buy homes

Expect to see homeownership rates move back higher as this group ages and more of its members form households

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US Census Bureau data show that homeownership rates are highest for those householders aged 65 years and over (79.2 per cent) and lowest for the under-35 age group (36 per cent).

THERE are two themes I find endlessly fascinating about real estate. One is its enormous role in the financial crisis. The other is the steep decline in homeownership after the crisis.

Let's take a closer look at some of the data, to see if there are any insights to be gleaned.

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