Young adults tend to move more often than older adults. They might be switching jobs to find their career path, moving out of their parent’s place, or trying out new areas to live in. Whatever the cause, people moving has an effect on the real estate market.
According to a new analysis by Zillow, young adults in America today are moving more often than previous generations did. In fact, the percentage of 25-to-34 year olds who have lived in their home for less than two years has risen to 45.3 percent. By comparison, it was 33.8 percent in 1960. What accounts for millennials' mobility? One big difference between today's young adults and past generations is that younger Americans tend to get married later in life these days.
That means, settling down and establishing a long-term living situation is less of a priority. There have also been changes to the way the typical young American builds a career. In the past, it was common to get a job and stay with the same company for many years. However, today’s young adults are more likely to move from one job to the next in order to achieve their professional goals.
Author:Mike Bray Phone: 602-980-0002 Dated: November 13th 2019 Views: 1,166 About Mike: ...
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