Why are nearly 1 in 4 Millennials still living with mom? Lack of affordable housing

May 28, 2018                                            By:  Annie Nova, CNBC

Looks like many Millennials won't have to go out of their way to see mom for Mother's Day.

That's because nearly 23% of Millennials already live with their mother, according to a new report from Zillow, an online real estate database company. In 2005, about 14% did so.

To crunch the numbers, Zillow analyzed U.S. Census Bureau data from 2005 through 2016, focusing on households in the 50 largest metros that included a mom, and a younger resident age 24 to 36.

"You would expect young adults living at home to return to historic norms," said Aaron Terrazas, senior economist at Zillow, speaking about how we've recovered from the housing bubble. "But the trend hasn't decreased — if anything, it's increased.".................Read More