Will The American Youth Get into Home Ownership?
In the past, moving out of your moms and dads' home possibly indicated you were moving right into a place of your very own.Well you can pin this issue on the shifting economy or merely a generational shift in what we deem as important, young adult home owners are coming to be significantly rare these days.Let's take a look at some facts: New figures indicate that only 38 percent of young Americans in between the ages of 25 and 34 had residences in 2012, compared to 52 percent of the same age group in 1980.So the question we have to ask ourselves is why are young Americans (The Y generation)so anti home-buying?Well, it seems to matter where they reside at the moment. A study from Carrington Mortgage Company discovered that the underlying causes really vary from area to area in the U.S.In the Western region of the country, for example, young Americans are most stressed concerning being able to support a sufficient down p…