The pandemic has driven gen-Z and millennials back home to live with parents or relatives— a trend that will negatively impact apartment demand, according to a new report from Marcus & Millichap.
Unemployment has been the biggest driver of young adults moving home, but college closures have also had an impact. In April and May, there was an increase in young adults age 18 to 34 moving home, and by June, 27.7 million young adults had moved home, according to Marcus & Millichap.
Read more...Apartment Demand Declines as Young Adults Return Home for the Pandemic via GlobeSt
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