Millennial Subcategory: “Baby Boomerangers” One of the factors holding back the housing market is the (relative) dearth of first-time Buyers. Typically, such Buyers account for 40% of all residential real estate sales; the last few years, however, the percentage is closer to 33% (one-third). What accounts for the slippage? Three Theories Given that the average...Read More
Put-Upon (Grand)Parents According to the Census Bureau, what percentage of young adults aged 25 to 34 are currently living in their parents’ home? A. 6.5% B. 14.2% C. 22.3% D. 41.9% Answer: B Gauging from the headlines or even an informal poll of your friends, you’d certainly guess that that number was much higher. And...Read More
