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Millennials aren’t the only demographic with waning interest in homeownership. Homeownership has been declining for generations, according to a new report from Apartment List. The trend shows that each generation has a unique relationship with purchasing a home, seeing a shrinking relationship between wealth and homeownership.

“I think that while homeownership has always been viewed as a powerful vehicle to wealth creation, each generation has had a unique relationship with the housing market. We see the highest homeownership rates for the silent generation, which comprises a lot of WWII veterans who came home from war to a huge housing boom and an economy that was largely centered on building homes,” Rob Warnock, research associate at Apartment List, tells GlobeSt.com. “Suburbs continued to flourish as boomers came of age, but obviously for gen-X and millennials the momentum was curtailed by the Great Recession and slowly worsening shortage of affordable housing.”

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Kelsi Maree Borland

Kelsi Maree Borland is a freelance journalist and magazine writer based in Los Angeles, California. For more than 5 years, she has extensively reported on the commercial real estate industry, covering major deals across all commercial asset classes, investment strategy and capital markets trends, market commentary, economic trends and new technologies disrupting and revolutionizing the industry. Her work appears daily on GlobeSt.com and regularly in Real Estate Forum Magazine. As a magazine writer, she covers lifestyle and travel trends. He work has appeared in Angeleno, Los Angeles Magazine, Travel and Leisure and more.

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