According to a new survey by Realtor.com, rising rents, millennials are purchasing homes to address the needs of their families. 

Because of increases in the rent, now, they are rushing to purchase their first home. Realtor.com polled more than 1,000 active home buyers online to come up with its results. It found that, among millennial buyers, 23% cited rising rent as a reason to buy a home. That is more than any other reason mentioned in the survey. 

It also comes as rents around the country are increasing, particularly in urban areas where the cost of living tends to be higher. Relator.com pointed to Department of Housing and Urban Development (HUD) data revealing that rents increased in 85 of the top 100 metro areas, with nine metro areas seeing rents jump double digits from last year.

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