The new NAR report on the characteristics of homebuyers was released today.

Let’s note how many homes were bought to accommodate kids moving back home – or who never left.  Past generations never had to worry about kids moving out when everybody could afford a home.

As the prices go sky high, more kids will be faced with either having to move far away if they want/need to buy an affordable home, or live with their parents for the duration – yikes!

One more variable to add to the Reasons-To-Move theories, and help explain why demand is exploding!