Roughly 2.7 million U.S. adults moved in with a parent or grandparent in March and April as the coronavirus pandemic spread, potentially costing landlords hundreds of millions of dollars in monthly rent payments.
Here is the breakdown:
+ There were 32 million adults living with their parents or grandparents in April, the highest number on record.
+ More than 80% of those who recently moved back in with their parents are Gen Zers.
How does this affect the real estate market? The demand for larger houses will be increasing as multi-generational households increase. Watch this quick video for details...
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