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Home prices continued their upward climb in March but did so at much slower pace than usual for the second consecutive month, leading industry experts to believe that the market is beginning to stabilize.
The S and P Case-Shiller U.S. National Home Price Index, that covers all nine U.S. census divisions, reported a 5 point 2 percent increase in home prices year-over-year in March, down from 5 point 3 percent the previous month. Month-over-month, home prices rose 0 point 7 percent, slightly higher than the previous month's 0 point 2 percent gain.
The Pew Research Center reported that 32 point 1 percent of millennials are living in their parents' home, 31 point 6 percent are married or cohabiting in their own household, 14 percent head up a household in which they lived alone, were a single parent, or lived with one or more roommates, and 22 percent have other living arrangements. The Pew Center blames demographic shifts in marital status, educational attainment, and employment have changed the way young adults in the U.S. are living.
