Millennials Finally Moving Out of Their Parents’ Homes – and Renting
Millennials began moving in with their parents in record numbers in recent years as the economy remained unsteady and the job market bleak.
But now, as the country has begun to recover, and unemployment rates have decreased, America’s young professionals are finally starting to move out and settle into their own places.
As far as the real estate market is concerned, this new group has had little effect on home sales but has sent rental rates soaring.
Image via flickr/dnszero