Higher-Income Millennials Renting Instead of Buying Homes By John Triplett

Higher-income millennials are renting homes instead of buying as they are being priced out of the overly competitive real estate market as prices continue upward. Thus, the higher-income millennials lead the ranks of “lifestyle renters,” according to a new study from RentCafe.  “The share of applications for apartments from renters who earn more than $50,000…