Taiwanese President Tsai Ing-wen is expected to stop over in the U.S. on Friday on her way back from visiting diplomatic allies in the Caribbean, a move that's sure to make...China Politicsread more
Regional stability, oil prices and potential for war will all depend on what Iran does with its nuclear program in the event of the deal's termination.World Politicsread more
Libra and bitcoin are different in a lot of ways, from the technology behind them to the way they're used.Technologyread more
Stocks in major Asia Pacific markets made strong gains on Friday, as comments from a U.S. Federal Reserve official led to rising expectations the central bank could ease...Asia Marketsread more
Boeing will take a nearly $5 billion charge in the second quarter to compensate 737 Max customers as the planes remain grounded.Airlinesread more
Earlier, Williams delivered a speech at the annual meeting of the Central Bank Research Association in which he said, "It's better to take preventative measures than to wait...The Fedread more
The base version of the sports car will punch out 495 horsepower, 40 more than the seventh-generation car and enough to launch it from 0 to 60 in "less than three seconds"...Autosread more
Animation fans and Kyoto residents gathered at the site of Japan's worst mass killing in 18 years on Friday, offering flowers and prayers for the 33 people who died in an...Asia Newsread more
Trump said the USS Boxer destroyed Iran's drone in the Strait of Hormuz on Thursday in a "defensive action."Politicsread more
Microsoft beat on top and bottom lines, and guidance was just ahead of expectations, but the company's Azure growth is slowing down.Technologyread more
"We've seen Netflix stumble before, especially maybe after a price hike, but not quite like this," Jim Cramer says.Mad Money with Jim Cramerread more
Rents are rising while interest rates remain low, yet young Americans are still largely choosing to rent instead of buy.
Home rent costs have jumped 14 percent since 2010, and are expected to rise another 3.3 percent this year, to year to an average of $1,161, according to commercial property tracker to Reis Inc.
Real estate agent Joan Kamens said high student loan debt is preventing adequate debt to income ratios required by lenders for a mortgage.
Lifestyle habits are a significant contributor as well, she added.
"Millennials are getting married later in life than previous generations, and a sense of urgency to purchase comes with stability, marriage and growing families," said Kamens, an agent with Coldwell Banker Hearthside in Newtown, Pennsylvania, near Philadelphia. She is also the mother of two 20-somethings.
According to a recent Goldman Sachs study, 30 percent of millennials consider buying a home important but not a priority.
So when will the next generation start to buy houses? Kamens said it will happen once they're more established in their careers and family, and "when education for children becomes a factor, they may settle with less for the convenience of quick travel time to workplace."
Neeta Mulgaokar, a real estate agent in New York with Mirador and a millennial, stands by the trend.
"Many of my clients are saying, 'Why would I buy when it's so expensive? I could use that money for something else like travel or starting a business.' "
Another big factor is the transient nature of the generation's preferences coupled with the technology that supports their habits.
"Many companies, like Ernst & Young, are including remote work options for their millennial employees," Mulgaokar pointed out.
"Many millennials have been burned or felt trapped by contracts (cell phones, cable, even student loans) and are shying away from long-term commitment," she said. "They will pay more to avoid it all together."
—The Associated Press contributed to this report.