exclusive buyer broker: 'Missing households' represent big source of pent-up demand
- 07/25/13 05:35 AM
REAL ESTATE & MORTGAGE NEWS 'Missing households' represent big source of pent-up demand Trulia estimates backlog in household formation at 2.4 million By Paul Hagey - Household formation, especially among young adults between 18 and 34 years old, lags far behind historical norms but will bounce back slowly in the years ahead, according to a recent analysis by Trulia Chief Economist Jed Kolko. Before the housing bust, an average of 1.1 million households - defined as one or more people who live in the same home - were formed each year in the U.S. >>Read More Inman News MORTGAGE INTEREST RATE (2 comments)