Millennials shift to homeownership as rents soar.

The article mentions that higher rents charged by landlords has encouraged the millennial to go towards homeownership rather than renting a house. It states that according to the survey conducted by the National Association of Realtors, 32 percent of the U.S. housing market in 2014 was constituted by millennial and according to Jed Kolko, chief economist of Zillow Group Inc., students are working over the hurdles such as student debt and lack of down-payment funds.