As more millennials form households and step out on their own, they're looking for rentals, but not where you'd think.
By Maggie Goldstone, Lindsay Machak, Charlotte O'Malley
Millennials were hit hard by the Great Recession, but they're starting to dust themselves off.
The Urban Land Institute released a new report, “Gen Y and Housing: What They Want and Where They Want It”, on Wednesday which surveyed about 1,270 millennials on how they’re living today.
In terms of housing and employment, many millennials are finally finding their footing. In fact, 62% of respondents indicated they’re working full time, and 27% of those full-timers are raking in between $50,000 and $74,999, with another 24% living on an income between $35,000 and $49,999.
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