Authors of a consumer study say historic declines in the relative cost of housing have fueled a decline in spending on essentials.
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Survey Gauges Millennials Optimism about Entering Housing Market
Millennials have become more positive when it comes purchasing their first home and are primed to gain market share in the second half of the year, based on the results of Realtor.com’s Consumer Behavior Survey. Relator.com found that 65 percent of the survey respondents indicated that they intend to buy a home within three months, up from 54 percent in January.
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