Decrease in Young Home Ownership

1-17-17
Submitted by Virginia Couch

ACCORDING TO A STUDY BY THE WALL STREET JOURNAL, 32 PERCENT OF YOUNG PEOPLE BETWEEN THE AGES OF 18 TO 34 ARE LIVING AT HOME WITH PARENTS INSTEAD OF MOVING OUT ON THEIR OWN. THESE NUMBERS HAVEN'T BEEN THIS HIGH SINCE THE GREAT DEPRESSION. HOWEVER, LOCAL REAL ESTATE AGENTS WANT MILLENNIALS TO UNDERSTAND QUALIFYING FOR A HOME ISN'T AS HARD AS THEY THINK.