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In spite of being a decade into the recent economic recovery, the homeownership rate across the United States remains well below the historical norm. This infographic explores some of the topics that have suppressed homeownership among millennials. Student loans outstanding have been growing by over a hundred billion dollars per year since the recession ended.
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Despite a decade passing since the last recession the homeownership rate remains low. The biggest driver of this is the low ownership rate by millennials, whom are held back by high student debt loads, rising rents, a low inventory of starter homes, increasing competition from private investors & broad asset price inflation.