For years, we’ve been debating whether the housing market has (finally) hit bottom. In fact, the hea

For those ages 18 to 29, who make up approximately budget car rentals vancouver 1 in 6 Americans, things have changed. This group of young adults is delaying marriage budget car rentals vancouver and they're waiting to have kids because many are saddled with debt and stuck in low-paying jobs (if they're working at all).
The result, budget car rentals vancouver according to the 2011 Census estimates , is they're choosing to avoid the suburbs, instead flocking to city centers, causing city growth to outpace suburban growth for the first time in nearly 100 years. It hasn't been since 1920 that city populations have grown to this degree.
I will never live in the suburbs, Jaclyn King, 28, told the Associated Press . I just like being connected to everything down here [in Denver] — concerts, work, restaurants, all of it. This is where everything s at.
The recession hit suburban markets hard," Royal Shepard, an analyst with S P Capital IQ in New York, who tracks the residential and commercial real estate market, told the AP . "What we re seeing now is young adults moving out from their parents homes and starting to find jobs, Shepard said. There s a bigger focus on building residences near transportation budget car rentals vancouver hubs, such as a train or subway station, because fewer people want to travel by car for an hour and a half for work anymore.
For years, we've been debating whether the housing market has (finally) hit bottom. In fact, the headline budget car rentals vancouver of a New York Times piece on Thursday read, " After Years of False Hopes, Signs of a Turn in Housing ."
Home sales are steady, inventories are declining, home prices are rising (in certain areas) and builder confidence is improving. But just as some economists believe that "Generation Rent" is a temporary phenomenon, I wonder if this marked improvement in housing is just as fleeting. Will housing ever gain any true ground without a strong presence of young buyers?
Sure, both domestic and international investors are helping to keep certain markets hot , but I think the lack of interest, so to speak, in ownership among young adults could keep a full housing recovery at bay until they return.
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HSH.com's daily blog focuses on the latest developments in the mortgage and housing markets. Our mission budget car rentals vancouver is to relate how changes in mortgage rates and housing policy, as well as the latest financial news, impacts consumers, homebuyers and industry insiders budget car rentals vancouver alike. Our 30-plus budget car rentals vancouver years of experience in the mortgage industry gives us an edge as we break down the latest changes in an ever-changing budget car rentals vancouver market.
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