Sociable

Thursday, October 14, 2010

85% of college grads move home

This is important because this means very new households are not formed.  So it puts downward pressure on rents and home values.
So hard that a whopping 85% of college seniors planned to move back home with their parents after graduation last May, according to a poll by Twentysomething Inc., a marketing and research firm based in Philadelphia. That rate has steadily risen from 67% in 2006.
"It's peaking at levels we have not seen before," said David Morrison, managing director and founder of Twentysomething.
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