Where are the first time buyers?

Perhaps they are living with you.  I left home at nineteen and never looked back.  I was twenty-five when Susan and I bought our first house in Nashville, Tennesse.  That was undoubtedly many years ago but it is still amazing to me how times have indeed changed.  According to a just released report done by the National Association of Home Builders (NAHB), in the year 2000 some 12% of young adults ages 24 – 35 lived with their parents or parents-in-law. That may seem like a lot, it does to me, but by 2012 that number had jumped to  greater than 19%.  The report points out that data from the Bureau of Labor illustrates a direct correlation between a rise in the unemployment rate within this age group and the increase in numbers of young adults living with their parents.  With this age group traditionally representing a significant portion of the first time home buyer market it is easy to imagine the impact on home sales.   Encouragingly the most recent statistics point to a decline in the unemployment rate within this age group and in some parts of the country a declining percentage of young adults living with their parents; good news for the housing market and all those involved I would imagine. View the NAHB article; Young Adults Living With Parents.  Remember whether buying or selling, moving up or downsizing, Lincoln or Omaha, the Vaccaros; Paul & Susan, stand ready to assist you, your family, friends and co-workers.  Call or email us today!  Lincoln (402)817-0355 , Omaha (402)577-0820, info@WeSellNebraska.com  (Paul & Susan Vaccaro – CBSHome Real Estate 15950 W Dodge Road, Suite 200, Omaha, NE 68118 – Woods Bros Realty 3737 S 27th Street, Lincoln, NE  68502.

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