Why millennials aren't rushing to buy homes

As the economy continues to recover, the millennial generation is still feeling the longer-term effects of the recession due to underemployment and low salaries combined with high student debt and uncertainty about the future. These factors have affected the housing market, and the renter status of this generation was examined in a new survey by LendingTree.

Making sense of the story:
-Only 43.4 percent of college-educated millennials ages 24 to 35 own a home. When asked "What would allow you to consider purchasing your first home?" 67.4 percent said they'd need more income.
-Roughly a third want to move somewhere they like better before buying, 28.7 percent want to pay off student loans before becoming homeowners, and 25.7 percent want to put off owning a home until they've traveled or invested.
-However, only 4.4 percent of non-homeowner millennials have no interest in ever owning a home, thereby showing that homeownership remains an aspiration.

Full Story: http://www2.realtoractioncenter.com/site/R?i=mgoslutFAhiLF_sxW8Bc0Q