{"id":6383,"date":"2014-05-06T14:18:24","date_gmt":"2014-05-06T14:18:24","guid":{"rendered":"http:\/\/www.anthonydidonato.net\/wordpress\/?p=6383"},"modified":"2014-05-06T14:18:24","modified_gmt":"2014-05-06T14:18:24","slug":"historic-low-young-adult-home-ownership","status":"publish","type":"post","link":"http:\/\/www.anthonydidonato.net\/wordpress\/historic-low-young-adult-home-ownership\/","title":{"rendered":"Historic Low for Young Adult Home Ownership"},"content":{"rendered":"<h2>Historic Low for Young Adult Home Ownership<\/h2>\n<div id=\"attachment_6384\" style=\"width: 266px\" class=\"wp-caption alignnone\"><a href=\"http:\/\/www.anthonydidonato.net\/wordpress\/wp-content\/uploads\/2014\/05\/ID-100115463.jpg\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-6384\" class=\"size-full wp-image-6384\" src=\"http:\/\/www.anthonydidonato.net\/wordpress\/wp-content\/uploads\/2014\/05\/ID-100115463.jpg\" alt=\"Historic Low for Young Adult Home Ownership.   Image courtesy of  imagerymajestic \/ FreeDigitalPhotos.net\" width=\"266\" height=\"400\" srcset=\"http:\/\/www.anthonydidonato.net\/wordpress\/wp-content\/uploads\/2014\/05\/ID-100115463.jpg 266w, http:\/\/www.anthonydidonato.net\/wordpress\/wp-content\/uploads\/2014\/05\/ID-100115463-199x300.jpg 199w\" sizes=\"auto, (max-width: 266px) 100vw, 266px\" \/><\/a><p id=\"caption-attachment-6384\" class=\"wp-caption-text\">Historic Low for Young Adult Home Ownership. Image courtesy of imagerymajestic \/ FreeDigitalPhotos.net<\/p><\/div>\n<p>Young Americans are putting off home buying at unprecedented levels. The home ownership rate for the Millennial generation age group has fallen to its lowest level since the U.S. Census Bureau started tracking home ownership by age in 1982.<\/p>\n<p>The home ownership rate in the first quarter of 2014 for Americans 35 and under fell to 36.2 percent, dropping from 36.8 percent in 2013. Broken down even further, Americans in the 25-29 age group had the biggest decline in home ownership rates at 33.3 percent, followed by 47.5 percent for the 30-34 age group.<\/p>\n<p>Granted, home ownership for all age groups has fallen to 64.8 percent, the lowest level since 1995. But Dean Baker, co-director of the Center for Economic and Policy Research in Washington, D.C., says that high student loan debt and sluggish unemployment are added elements that are keeping many young Americans on the sidelines.<\/p>\n<p>\u201cThe labor market for younger people remains pretty bad. Obviously you\u2019re worse off without a college degree, but for people with college degrees, if they have a regular job, often it\u2019s not paying very well and often they are jobs that pay just as well for people who have just a high school degree,\u201d Baker says. \u201cThey also have a lot of debt. So it\u2019s not surprising that people in their late 20s or early 30s are less likely to buy a home than what might have been the case 20 or 30 years ago.\u201d<\/p>\n<p>The unemployment rate for those ages 20-24 is 12.4 percent, according to March data from the Bureau of the Labor Statistics. The unemployment rate for Americans 25-34 years old is 7 percent, compared to the national average unemployment rate of 6.7 percent.<\/p>\n<p>\u201cThose stories you hear about people in their 20s or early 30s living with mom and dad, those aren\u2019t just stories, and if people don\u2019t move out, they\u2019re not going to buy a house again because we\u2019re still in the aftereffects of the worst financial crisis in 75 years,\u201d said David Wessel, senior fellow of economic studies at the Brookings Institution in Washington, D.C.<\/p>\n<p><em>Source: \u201c<a href=\"http:\/\/www.usnews.com\/news\/articles\/2014\/04\/30\/homeownership-for-millennials-declines-to-historic-lows\" target=\"_blank\">Homeownership for Millennials Declines to New Lows<\/a>,\u201d U.S. News &amp; World Report (April 30, 2014)<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Historic Low for Young Adult Home Ownership Young Americans are putting off home buying at unprecedented levels. The home ownership rate for the Millennial generation age group has fallen to its lowest level since the U.S. Census Bureau started tracking home ownership by age in 1982. The home ownership rate in the first quarter of &hellip; <\/p>\n<p><a class=\"more-link btn\" href=\"http:\/\/www.anthonydidonato.net\/wordpress\/historic-low-young-adult-home-ownership\/\">Continue reading<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[16,8],"tags":[5,32,4,9],"class_list":["post-6383","post","type-post","status-publish","format-standard","hentry","category-news","category-real-estate-tips","tag-anthony-didonato","tag-news","tag-real-estate","tag-tips","item-wrap"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Historic Low for Young Adult Home Ownership - Real Estate Agent and Sales in PA - Anthony DiDonato Broomall, Media, Delaware County and surrounding areas in Pennsylvania<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.anthonydidonato.net\/wordpress\/historic-low-young-adult-home-ownership\/\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/historic-low-young-adult-home-ownership\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/historic-low-young-adult-home-ownership\\\/\"},\"author\":{\"name\":\"admin\",\"@id\":\"http:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/#\\\/schema\\\/person\\\/964792b6994e8cc4cbddc36ad4824908\"},\"headline\":\"Historic Low for Young Adult Home Ownership\",\"datePublished\":\"2014-05-06T14:18:24+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/historic-low-young-adult-home-ownership\\\/\"},\"wordCount\":391,\"publisher\":{\"@id\":\"http:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/#\\\/schema\\\/person\\\/964792b6994e8cc4cbddc36ad4824908\"},\"image\":{\"@id\":\"https:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/historic-low-young-adult-home-ownership\\\/#primaryimage\"},\"thumbnailUrl\":\"http:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/wp-content\\\/uploads\\\/2014\\\/05\\\/ID-100115463.jpg\",\"keywords\":[\"Anthony DiDonato\",\"News\",\"Real Estate\",\"tips\"],\"articleSection\":[\"News\",\"Real Estate Tips\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/historic-low-young-adult-home-ownership\\\/\",\"url\":\"https:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/historic-low-young-adult-home-ownership\\\/\",\"name\":\"Historic Low for Young Adult Home Ownership - Real Estate Agent and Sales in PA - Anthony DiDonato Broomall, Media, Delaware County and surrounding areas in Pennsylvania\",\"isPartOf\":{\"@id\":\"http:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/historic-low-young-adult-home-ownership\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/historic-low-young-adult-home-ownership\\\/#primaryimage\"},\"thumbnailUrl\":\"http:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/wp-content\\\/uploads\\\/2014\\\/05\\\/ID-100115463.jpg\",\"datePublished\":\"2014-05-06T14:18:24+00:00\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/historic-low-young-adult-home-ownership\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/historic-low-young-adult-home-ownership\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/historic-low-young-adult-home-ownership\\\/#primaryimage\",\"url\":\"http:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/wp-content\\\/uploads\\\/2014\\\/05\\\/ID-100115463.jpg\",\"contentUrl\":\"http:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/wp-content\\\/uploads\\\/2014\\\/05\\\/ID-100115463.jpg\",\"width\":266,\"height\":400,\"caption\":\"Historic Low for Young Adult Home Ownership. 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Skilled, smart and enthusiastic about his work and his life, Anthony DiDonato has the appealing combination of business sense and people skills gives him an edge in an industry that demands both. Educated at Drexel University with a dual major in accounting and finance and minors in management and psychology Anthony DiDonato offers over 25 years of experience in the real estate industry. He has been a real estate investor since 1985 and a member of H.A.P.C.O. (Landlord Association). He became a licensed Realtor in 1992 and a member of the Local, Pennsylvania and National Associations of Realtors. Anthony DiDonato is also a member of the Computerized Multiple Listings, (MLS) and Internet Marketing Programs. In 1997 Anthony DiDonato became Century 21 All-Elite, Inc. Corporate Secretary. Anthony DiDonato believes in taking his profession to the highest level of quality service. 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For Superior Real Estate Representation in the Delaware Valley, Philadelphia, Delaware County, Chester County, Montgomery County and surrounding areas in Pennsylvania\u2026 call Anthony DiDonato.\",\"sameAs\":[\"http:\\\/\\\/www.anthonydidonato.net\"],\"url\":\"http:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/author\\\/admin\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Historic Low for Young Adult Home Ownership - Real Estate Agent and Sales in PA - Anthony DiDonato Broomall, Media, Delaware County and surrounding areas in Pennsylvania","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.anthonydidonato.net\/wordpress\/historic-low-young-adult-home-ownership\/","twitter_misc":{"Written by":"admin","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.anthonydidonato.net\/wordpress\/historic-low-young-adult-home-ownership\/#article","isPartOf":{"@id":"https:\/\/www.anthonydidonato.net\/wordpress\/historic-low-young-adult-home-ownership\/"},"author":{"name":"admin","@id":"http:\/\/www.anthonydidonato.net\/wordpress\/#\/schema\/person\/964792b6994e8cc4cbddc36ad4824908"},"headline":"Historic Low for Young Adult Home Ownership","datePublished":"2014-05-06T14:18:24+00:00","mainEntityOfPage":{"@id":"https:\/\/www.anthonydidonato.net\/wordpress\/historic-low-young-adult-home-ownership\/"},"wordCount":391,"publisher":{"@id":"http:\/\/www.anthonydidonato.net\/wordpress\/#\/schema\/person\/964792b6994e8cc4cbddc36ad4824908"},"image":{"@id":"https:\/\/www.anthonydidonato.net\/wordpress\/historic-low-young-adult-home-ownership\/#primaryimage"},"thumbnailUrl":"http:\/\/www.anthonydidonato.net\/wordpress\/wp-content\/uploads\/2014\/05\/ID-100115463.jpg","keywords":["Anthony DiDonato","News","Real Estate","tips"],"articleSection":["News","Real Estate Tips"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.anthonydidonato.net\/wordpress\/historic-low-young-adult-home-ownership\/","url":"https:\/\/www.anthonydidonato.net\/wordpress\/historic-low-young-adult-home-ownership\/","name":"Historic Low for Young Adult Home Ownership - Real Estate Agent and Sales in PA - Anthony DiDonato Broomall, Media, Delaware County and surrounding areas in Pennsylvania","isPartOf":{"@id":"http:\/\/www.anthonydidonato.net\/wordpress\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.anthonydidonato.net\/wordpress\/historic-low-young-adult-home-ownership\/#primaryimage"},"image":{"@id":"https:\/\/www.anthonydidonato.net\/wordpress\/historic-low-young-adult-home-ownership\/#primaryimage"},"thumbnailUrl":"http:\/\/www.anthonydidonato.net\/wordpress\/wp-content\/uploads\/2014\/05\/ID-100115463.jpg","datePublished":"2014-05-06T14:18:24+00:00","breadcrumb":{"@id":"https:\/\/www.anthonydidonato.net\/wordpress\/historic-low-young-adult-home-ownership\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.anthonydidonato.net\/wordpress\/historic-low-young-adult-home-ownership\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.anthonydidonato.net\/wordpress\/historic-low-young-adult-home-ownership\/#primaryimage","url":"http:\/\/www.anthonydidonato.net\/wordpress\/wp-content\/uploads\/2014\/05\/ID-100115463.jpg","contentUrl":"http:\/\/www.anthonydidonato.net\/wordpress\/wp-content\/uploads\/2014\/05\/ID-100115463.jpg","width":266,"height":400,"caption":"Historic Low for Young Adult Home Ownership. 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Skilled, smart and enthusiastic about his work and his life, Anthony DiDonato has the appealing combination of business sense and people skills gives him an edge in an industry that demands both. Educated at Drexel University with a dual major in accounting and finance and minors in management and psychology Anthony DiDonato offers over 25 years of experience in the real estate industry. He has been a real estate investor since 1985 and a member of H.A.P.C.O. (Landlord Association). He became a licensed Realtor in 1992 and a member of the Local, Pennsylvania and National Associations of Realtors. Anthony DiDonato is also a member of the Computerized Multiple Listings, (MLS) and Internet Marketing Programs. In 1997 Anthony DiDonato became Century 21 All-Elite, Inc. Corporate Secretary. Anthony DiDonato believes in taking his profession to the highest level of quality service. He is known for finding that \u201cperfect\u201d property in Philadelphia, Delaware County, Chester County, Montgomery County and surrounding areas in Pennsylvania for his buyers and helping his sellers prepare their properties so they sell quickly and efficiently. When it comes time to negotiate the terms of a contract, Anthony DiDonato has the knowledge, experience, and professionalism applied to meeting \u2013 or exceeding \u2013 his clients\u2019 expectations. His service to his clients is second to none. His honesty and integrity have been his claim to fame. 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