Study Finds Most Millennials Return Home to Mom and Dadadmin / 0 Comments /
The millennial market continues to be a focus for realtors nationwide. A new study helps explain one of the reasons why this group has been so slow to enter the housing market. Researchers found that while 90 percent of millennials move out of their parents’ homes to establish their own residences, nearly 54.6 percent of them move back home before the age of 27. Twenty percent continue living with their parents past the age of 27. While this “boomeranging” has somewhat altered household formation trends, the study found that when millennials leave their parents’ homes the second time, they tend to have more education and financial resources. These two promising factors lead researchers to believe millennials’ delay in starting their own household is an indication that they will be better prepared to enter the housing market.
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