Colorado Association of REALTORS | Report: A Quarter of Young Adults Living with Their Parents
39617
post-template-default,single,single-post,postid-39617,single-format-standard,edgt-core-1.0,ajax_fade,page_not_loaded,,colorado association of realators-child-ver-1.0.0,hudson-ver-1.5, vertical_menu_with_scroll,smooth_scroll,blog_installed,wpbdp-with-button-styles,wpb-js-composer js-comp-ver-8.0.1,vc_responsive

Report: A Quarter of Young Adults Living with Their Parents

Aug 15 2022

Report: A Quarter of Young Adults Living with Their Parents

CAR’s Market Trends reported the median home price for a single-family home was $635,000 in July 2022. Since financial experts advise putting down a 20% down payment on a home, this creates a “boomerang effect,” which is when younger adults move back in with their parents to save for that payment.. According to the Pew Research Center, in 2021, 25% of 25- to 34-year-old adults were living in a multigenerational family household. In 2017, 32% of the adult U.S. population was living in a shared household, which is defined as a household with “at least one ‘extra adult’ who is not the household head, the spouse or partner of the head, or an 18- to 24-year-old student.”

https://www.yahoo.com/video/quarter-young-adults-now-boomerang-120000465.html

Share Post