Future Expectations
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Friday, April 18, 2014

Given the divergent housing statistics, future expectations about ‘normal’ homeownership rates may need to be tempered.   The average since the mid 1960’s has been roughly 65% which happens to be right where the current rate lies.  During the mid 2000’s however, it peaked at over 69%.  With millennials becoming increasingly comfortable living at home with their parents for a longer period of time as well as multi-generational households becoming more of a trend than a temporary phenomenon, it is possible the current 65% become a new historical high. 0

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