The housing market has been sluggish since the “Great Recession,” and so far, this year is no exception.
Experts say part of the reason could be that Millennials are still living at home instead of buying their own places the way previous generations did. In fact, the percentage of young people staying at home was the highest it’s been since 1981, according to the National Association of Realtors. More than 30 percent of those between the ages of 18 and 34 were still staying with their parents in 2012.
But realtors are hopeful that as Millennials start to find work, they’ll find buying more attractive than renting.