…buying, that is.
This according to a recent “Demo Memo” report cited on Builderonline.com.
The key age group for home buying — 30-to-34 year olds — has experienced a bigger decline in homeownership than any other age, with a rate falling from 56.8 to 51.6 percent between 2005 and 2010.
Whether this is a decision not to buy or a result of dried up credit, this isn’t a great sign for a market saturated with inventory. Whispers of an end to 30-year mortgages probably aren’t helping, either.
Check out the full report.
Credit: BuilderOnline.com
