Millennials Still Choosing to Rent Even Though Housing Market is Improving

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The first thing many young 20-something’s want to do is buy a home and get a mortgage. But times have changed. More people around the country are signing rental leases, even as lenders also report an uptick in home mortgage activity. The drive toward renting isn't just about funds — it's also part of a generational shift as younger people choose to rent as a lifestyle choice and a wide variety of other reasons. The reasons vary, from whether it's a desire for flexibility, an aversion to big-ticket repair costs or fears left from owning an unsalable home during the housing crisis.
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