Following a story MHProNews last posted June 27, 2014 regarding the Millennial generation living with their parents, Harvard University’s Joint Center for Housing Studies reports the decline in homeownership rates among 25-34 year-olds fell nearly eight percent from 2004-2013. Similarly, among 35-45 year-olds the rate fell nine percent. Real median income for the group aged 25-34 fell 11 percent from 2002 to 2012, and households with student loan debt for that same age range increased from 26 percent in 2001 to 39 percent in 2010, both hindering homeownership, according to inman.com. Minorities will drive 76 percent of overall household growth, but continue to have a difficult time obtaining financing. ##

(Graphic credit: Joint Center for Housing Studies data derived from the U. S. Census Bureau)