You might recall a recent PolitiFact post that debunked the often-cited 85 percent figure. Well, Pew Research found that among 25-34 college grads, just 21 percent were living with their parents. Among all folks aged 25-34, the figure was 29 percent. A Pew analyst laid out the findings on NPR this morning.
*New study finds that when they're not living at home, young adults are choosing to rent. From Real Time Economics:
New construction will be concentrated in multi-unit projects, a shift already evident in 2012 data. At the same time, speculators hoping to cash in on increasing rents will buy up vacant properties with an eye to leasing them, helping to pare down the huge oversupply of existing homes on the market. Renting households who tend to own fewer cars than home owners (in part because of the expense of parking) will prefer apartments within walking distance to retail, school and work, or towns with good mass-transit systems. That will make certain urban areas more attractive than the suburbs and rural areas, the study said.