If the young adult homeownership rate continues to stabilize, expected population growth will generate a faster increase in young homeowners than experienced during the housing boom of 2000 to 2005.
Projections generated by Fannie Mae reported the good news in its latest edition of Housing Insights.
After the number of owner-occupants between the ages of 25 and 34 plummeted by more than 300,000 annually during the Great Recession, young adult homeownership rates have stabilized, Patrick Simmons, director of Fannie Mae's Strategic PlanningEconomic & Strategic Research Group said. Numbers were essentially flat in 2014.
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