Is millennial homeownership in the Golden State a 'fading promise'?

  • Once millennials get to a certain age and household size, they prefer to live in the suburbs, research shows, and housing development policymakers should take note.

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Policymakers for California’s biggest cities are laboring under the delusion that millennials want to live cheek by jowl in the urban core their whole lives. But greater numbers of them are heading for the suburbs than ever before.