Is education the key to turning millennials into homeowners?

Young adult homeownership continues to lag after the Great Recession
  • A study shows that after the recession, millennials with a higher level of education are more likely to be homeowners.
  • The role of parental homeownership is less of a deciding factor in millennial homeownership.

Just how big an impact did the recession have on young adult homeownership? In 2007, 53.5 percent of people aged 20-49 owned homes. By 2013, that number was down to 43.9 percent. Of those aged 25-34, 45.5 percent owned homes in 2007, but by 2013, just 31 percent were homeowners.