{"id":4140,"date":"2017-05-03T00:00:00","date_gmt":"2017-05-03T00:00:00","guid":{"rendered":"https:\/\/amazingproperty.com.ng\/blog\/millennials-finally-flee-parents-homes\/"},"modified":"2017-05-03T00:00:00","modified_gmt":"2017-05-03T00:00:00","slug":"millennials-finally-flee-parents-homes","status":"publish","type":"post","link":"https:\/\/amazingproperty.com.ng\/blog\/millennials-finally-flee-parents-homes\/","title":{"rendered":"Millennials Finally Flee Parents\u2019 Homes"},"content":{"rendered":"

\n<\/p>\n

\n <\/p>\n
<\/p>\n

The pace of young adults leaving their parents\u2019 homes is accelerating significantly, Fannie Mae\u2019s Economic and Strategic Research Group notes in a new analysis.<\/p>\n

Young adults in their mid- to late 20s or early 30s living with their parents fell between 2013 and 2015\u2014a period known as the economic recovery\u2014much more so than between 2010 and 2012, when the economy and housing<\/a> market were still recovering from the Great Recession, researchers note.<\/p>\n

\n

Read more: New Households Favoring Homeownership<\/p>\n<\/blockquote>\n

Young adults aged 24 to 25 in 2013 and 26 to 27 in 2015 residing with their parents dropped by 7.6 percentage points. On the other hand, those who passed through that same age range between 2010 and 2012 saw a decline of only 5.4 percentage points, researchers note.<\/p>\n

\u201cStronger income growth and an accelerated rate of marriage are likely two primary reasons why millennials are starting to leave their parents\u2019 homes at a faster pace,\u201d researchers note.<\/p>\n

Millennials in their 20s or early 30s saw their income, adjusted for inflation, grow by at least 23 percent between 2013 and 2015 when compared to 2010 and 2012. Further, their incomes are at least 81 percent greater than between 2008 and 2010.<\/p>\n

Also, millennials in their late 20s and early 30s between 2013 and 2015 were getting married at a markedly faster rate than their predecessors did in that same age range during the recession and the recovery thereafter, Fannie Mae\u2019s report notes.<\/p>\n

\u201cMillennials\u2019 accelerated rate of departure from their parents\u2019 homes bodes well for housing demand,\u201d Fannie Mae\u2019s Economic and Strategic Research Group notes in the report. \u201cCohort analysis shows that the increased pace of leaving home has been accompanied by accelerated young-adult household formation.\u201d<\/p>\n

Source: \u201cStarting to Launch: Millennials Are Leaving Mom and Dad\u2019s Basement,\u201d Fannie Mae\u2019s Housing Insights (2017)<\/em><\/p>\n<\/div>\n<\/div>\n

[ad_2]
\n
 link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

The pace of young adults leaving their parents\u2019 homes is accelerating significantly, Fannie Mae\u2019s Economic and … Millennials Finally Flee Parents\u2019 Homes<\/span>Read more<\/a><\/p>\n","protected":false},"author":1,"featured_media":4141,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"advanced_seo_description":"","jetpack_seo_html_title":"","jetpack_seo_noindex":false,"jetpack_seo_schema_type":"","_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"jetpack_post_was_ever_published":false},"categories":[4],"tags":[12908,543,3051,127,617,344,1007,41,818],"class_list":["post-4140","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-opportunities-in-new-markets","tag-home","tag-home-buying-guide","tag-homeowner","tag-homes","tag-house","tag-housing","tag-owners","tag-property","tag-real"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/05\/DRsIE0SVNWw","jetpack_sharing_enabled":true,"jetpack-related-posts":[{"id":7885,"url":"https:\/\/amazingproperty.com.ng\/blog\/3-reasons-home-sales-may-lose-momentum\/","url_meta":{"origin":4140,"position":0},"title":"3 Reasons Home Sales May Lose Momentum","author":"Amazing Property","date":"January 23, 2018","format":false,"excerpt":"The housing market and economy are starting the year with a fairly strong start, but several challenges persist in 2018. Freddie Mac economists point out some of the biggest risks to the economy and housing markets: declining affordability, obstacles to millennial homeownership, and the possibility of another recession. Home sales,\u2026","rel":"","context":"In "Opportunities In New Markets"","block_context":{"text":"Opportunities In New Markets","link":"https:\/\/amazingproperty.com.ng\/blog\/category\/opportunities-in-new-markets\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2018\/01\/Freddie-Mac-chart.jpg?fit=300%2C203&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":5820,"url":"https:\/\/amazingproperty.com.ng\/blog\/what-canadas-census-reveals-about-housing-needs\/","url_meta":{"origin":4140,"position":1},"title":"What Canada's Census Reveals About Housing Needs","author":"Amazing Property","date":"August 21, 2017","format":false,"excerpt":"Canada had more one-person households in 2016 than at any time since Confederation in 1867.\r \r More than one in three young adults aged 20 to 34 are living with at least one parent, another all-time high.\r \r The fastest-growing type of household is composed of multigenerational families, with at\u2026","rel":"","context":"In "Opportunities In New Markets"","block_context":{"text":"Opportunities In New Markets","link":"https:\/\/amazingproperty.com.ng\/blog\/category\/opportunities-in-new-markets\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":7882,"url":"https:\/\/amazingproperty.com.ng\/blog\/millennials-look-to-smaller-canadian-cities-for-dream-homes\/","url_meta":{"origin":4140,"position":2},"title":"Millennials Look To Smaller Canadian Cities For Dream Homes","author":"Amazing Property","date":"January 22, 2018","format":false,"excerpt":"A recent ranking of the top \"millennial hot spots\" in Canada had some surprising results. The country's biggest cities -- Toronto, Vancouver and Montreal -- didn't make the top five, despite their standing as employment and cultural hubs.\r \r To determine the best Canadian cities for millennials, research by Point2Homes\u2026","rel":"","context":"In "Opportunities In New Markets"","block_context":{"text":"Opportunities In New Markets","link":"https:\/\/amazingproperty.com.ng\/blog\/category\/opportunities-in-new-markets\/"},"img":{"alt_text":"Fd210e66efb51467b70e881f0d8348dc S.jpg","src":"https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2018\/01\/fd210e66efb51467b70e881f0d8348dc_S.jpg?fit=424%2C254&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":3369,"url":"https:\/\/amazingproperty.com.ng\/blog\/globally-u-s-millennials-are-slow-to-owning\/","url_meta":{"origin":4140,"position":3},"title":"Globally, U.S. Millennials Are Slow to Owning","author":"Amazing Property","date":"April 13, 2017","format":false,"excerpt":"You can\u2019t solely blame the millennial generation for the delay into homeownership. In other parts of the world, like China, 70 percent of young adults are homeowners, according to a new survey by HSBC, which evaluated homeownership rates of 9,000 people born between 1981 and 1998 in nine countries. The\u2026","rel":"","context":"In "Opportunities In New Markets"","block_context":{"text":"Opportunities In New Markets","link":"https:\/\/amazingproperty.com.ng\/blog\/category\/opportunities-in-new-markets\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":751,"url":"https:\/\/amazingproperty.com.ng\/blog\/bank-of-mom-and-dad-funds-young-renters\/","url_meta":{"origin":4140,"position":4},"title":"\u2018Bank of Mom and Dad\u2019 Funds Young Renters","author":"Amazing Property","date":"February 13, 2017","format":false,"excerpt":"[ad_1] Nearly half of people in their early 20s still receive help from their parents in paying their rent, according to a new analysis by the New York Times of more than 2,000 young people from 2007 to 2013. Read more: The Balancing Act of Working With Family With jobs\u2026","rel":"","context":"In "Opportunities In New Markets"","block_context":{"text":"Opportunities In New Markets","link":"https:\/\/amazingproperty.com.ng\/blog\/category\/opportunities-in-new-markets\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":723,"url":"https:\/\/amazingproperty.com.ng\/blog\/here-come-59-million-buyers\/","url_meta":{"origin":4140,"position":5},"title":"Here Come 59 Million Buyers!","author":"Amazing Property","date":"February 10, 2017","format":false,"excerpt":"[ad_1] One in four U.S. adults say they are considering buying a home this year, which extrapolates to a whopping 59 million people, according to a recent survey by Bankrate.com. Minorities are expected to be big buyers this year. More than two in five black survey respondents said they were\u2026","rel":"","context":"In "Opportunities In New Markets"","block_context":{"text":"Opportunities In New Markets","link":"https:\/\/amazingproperty.com.ng\/blog\/category\/opportunities-in-new-markets\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/posts\/4140","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/comments?post=4140"}],"version-history":[{"count":0,"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/posts\/4140\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/media\/4141"}],"wp:attachment":[{"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/media?parent=4140"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/categories?post=4140"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/tags?post=4140"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}