In the good old days, about 40 years ago, the number of young adults living with their parents was about 8%. At 17% today, it's more than double, according to a new analysis by the National Association of Realtors. That's still the second highest number since 1960 after the 17.8% during the first year of the pandemic.
That's got many in CRE scratching their heads and wondering, aside from the parents, when the kids will finally leave home.
During the pandemic, many people in general decamped from office to their apartments, and even further out to the suburbs and small towns. But many younger people went back to mom and/or dad. Maybe it was to cut down on rent, possibly because of losing a job or going back to school, and even partly to have people around to talk to.
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