From HW Magazine
Out of the basement and into a home
With private mortgage insurance, Millennials don't need 20% down to buy
For many basement dwellers, renting is not an attractive alternative to buying. That’s because the national rental vacancy rate has been declining for seven straight years. It is now 6.9% nationally, the tightest it’s been in more than thirty years. For professionally managed apartments, the vacancy rate is just 4.4%. As a consequence, rents are rising across the country faster than the inflation rate.