It feels like Deja Vue. During the great recession and young people continued to live with their parents because they had student debt and jobs were scarce.
According to PEW research, 52% of young adults (18-29) live with their parents. That is more than half and the largest number since the great depression.
The pandemic is credited with a migration back to mom and dad.
“in July, 52% of young adults resided with one or both of their parents, up from 47% in February”
Yet there is no shortage of homebuyers. Homes on the market in the metro area continue to sell quickly and often with multiple offers.