New studies are suggesting that 30% of adults are living with their relatives. “Doubling Up,” this trend of co-habilitation, is at levels that have not been seen since the Great Depression. The recent US Census data shows the greatest rise is found in young adults who are moving back in with parents. About 5.9 million Americans 25-34 live with their parents, a 25% increase compared to the years prior. Men are twice as likely as women to make this untraditional move in life.
In conjunction with this new data, renters and home owners are also delaying new home purchases due to tougher mortgage qualifying standards and concerns regarding the economy and job security. Still, the majority feel home ownership is an important keystone in life and they feel more and more comfortable with the direction the housing market is moving.
http://realtormag.realtor.org/daily-news/2011/10/13/more-adults-move-in-relatives
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