The Millennials who for years have lived with their parents while the economy imploded, now seem poised to move out on their own.
According to a report released Thursday by Harvard’s Joint Center for Housing Studies, by 2025 Millennials could form 24 million new households and drive the U.S. real estate market.
The report also found that, the number of young people who buy homes increases as their incomes grow. The hiring of Millennials has recently improved as the economy heals. If the trend continues, these same Milennials could soon become homeowners.