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Generational Divide

Will 2015 be the year that millennials embrace homeownership? Some industry experts believe that it may be. As many in the generation approach their early to mid 30s, many are looking to take on a mortgage and plant roots. In addition to low interest rates and the availability of mortgage lenders, rent prices in the city continue to rise at a much faster rate than home prices, leading some to quit writing checks to their landlord and instead put that cash into owning a home. [Tribune]