Fewer millennials are buying real estate. Is that a bad thing?

Long seen as a cornerstone of the American Dream, homeownership increasingly appears out of reach for many millennials. U.S. Census data shows only 39 percent of millennials owned homes in 2015, compared to 47.5 percent for that same age group in 2007. The share of those who are first-time buyers is hovering near 30-year lows, according to the National Association of Realtors.

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