The fact that younger Americans these days are facing some financial challenges is well documented. Rent has increased and so has student loan debt. That can make saving money to buy a home difficult. So it shouldn’t be too surprising to hear that there are an increasing number of young adults living with their parents. But new numbers from the Urban Institute make clear just how many. According to their research, the share of people between the ages of 25 and 34 who are living with their parents has increased from 11.9 percent in 2000 to 22 percent in 2017. “This translates to more than 5.6 million additional young adults under their parents’ roofs between the two years,” the study says. “This trend matches the decline in young adults’ marital rate (from 55.3 percent to 40 percent) during this period.” In short, young Americans are getting married and establishing households later in life. So what does this mean for the housing market? Well, it means there are a lot of potential first-time home buyers who are going to be looking for affordable, entry-level homes in the years to come. How, where, and when they decide to enter the market will affect competition, prices, and available inventory for buyers everywhere. More here.
More Young Adults Living With Parents
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Bobby is a U. S. Marine Corps Veteran and Florida native with over 17 years of combined, award-winning experience in Real Estate and Mortgage Lending in Central Florida. An eXp ICON AGENT and Certified Mentor. Formerly with RE/MAX where he was recognized as a Hall of Fame Member and a consistent Platinum Club Award Winner. Locally, a multi-year Gold-Level Award Top Producer within the Orlando Regional Realtors Association (ORRA). His consistent productivity has earned him universal recognition, named as a Top agent in numerous publications, year after year including being voted a Best of Southwest Orlando Realtor 6 years in a row!
Bobby holds a Florida Real Estate Broker’s License with designations as a Graduate, REALTOR Institute (GRI); Accredited Buyer Representative (ABR); Certified Short Sale Professional (CSP); a Florida Military Specialist (FMS) and one of the few Real Estate Collaboration Specialists – Divorce (RCS-D) in Central Florida. These advanced designations denote expertise in financial, market, and investment analysis, in addition to negotiation. As such, he is considered an ‘expert’ in his field with experience in court testimony.
Bobby is also a dedicated member of his community and has served on numerous local Boards of Directors. He is a youth sports coach and a Partner in Education with Orange County Schools. Thus, Bobby was voted a 2015 ORRA Good Neighbor Award recipient for his volunteerism and charitable contributions by his peers.
Bobby and his beautiful wife Halle have three very active children; Isabella, ‘Little’ Bobby and Alex. They stay busy as a family with sports, extra-curricular clubs and travel. However, they also give back as a family and donate to local rescues as well as providing their home to foster animals whenever possible.
One of Bobby’s greatest attributes is that time and again he has proven himself to be a selfless professional, treating each of his clients as if their property was the most important. He continues to work with his clients personally and does not differentiate between a $100K condo or a $1M house on a lake…anywhere in Central Florida, he gives each one the equal time, attention and respect that they deserve, as praised through the countless reviews written about him by former Buyers & Sellers!
Bobby Baldor has demonstrated the extensive experience and proven expertise in our local market to help you and your family achieve your real estate goals. But more importantly, he is a caring member of our community. Bobby’s personal slogan is ‘Your Real Estate Hero’ …and he works hard to prove it.