Fewer Gen Yers Choosing Homeownership via Multifamily Executive Magazine

Americans younger than 35 are less likely to own cars or homes than their counterparts of a decade ago.

Builders may need to start buffing up their sales pitches for first-time buyers. A new report by the Pew Research Center suggests that young Americans—those between 18 and 35 years old—are not as interested in making big-ticket purchases such as a house or car that require borrowing money as their counterparts in the past.

Compared to their peers of just a decade ago, today’s young Americans are less likely to:

* own a home (34% in 2011 versus 38% in 2001),

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