Young Americans Moving Back Home Because of Covid-19: Nearly 40 Percent of Younger Millennials Say the Pandemic has them Moving Home Again. | WHAT REALLY HAPPENED

Young Americans Moving Back Home Because of Covid-19: Nearly 40 Percent of Younger Millennials Say the Pandemic has them Moving Home Again.

The pandemic has made it harder for younger families to purchase homes in a few ways. Inventory has been severely depressed for a few years and that continues to be the case today. The pandemic has also disproportionately hit younger Americans hard while homeowners are doing well thanks to record low interest rates, tight inventory, and a sudden shift to home being the place for all things. All of this has combined to create a strong market in terms of price but Millennials are being pushed to live at home with older parents for economic reasons. Nearly 40 percent of younger Millennials said in a recent survey that the pandemic has them moving home again. What does this mean for these new households with older parents and adult kids who would like to own but simply cannot afford to do so?

Millennials are still being left out of the housing market

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