Record Number of Adults have moved back home since March

Dated: June 19 2020

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According to Zillow, a record number of adults have moved in with their parents or grandparents, up nearly 10% from this time a year ago. This is the highest number ever recorded!

The pandemic caused many urban centers on the east and west coast, in particular, to shut down and extended shelter in place orders, some still ongoing. Many of these young adults who don’t own real estate found the prospect of sheltering in place in tiny city apartments no very appealing.

Hardest hit were the young families living in small apartments with children. Suddenly, they have found how small their urban dwellings are when they can’t walk to the corner park for exercise and their children couldn’t play on park equipment with their neighborhood friends.

After years of flight to the cities,  suddenly having a large yard is en vogue again!

 

 

 

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Ricardo Cobos

With a background in real estate since 1996 Ricardo earned his broker’s license in 2015 and quickly became both a top producer and a leader in his market center by working exclusively with inves....

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