Existing Home Sales declined 5% to an annual rate of 4.82 million commissions checks being written. I am not sure where in this country is experiencing slow sales right now; here locally the temperate weather and low rates have sparked one of my busiest late winters ever. One demographic that is contributing to the slowdown however is the “young adult packs”–those 23-34 year olds who are living with their buddies, or with Mom and Dad, rather than contributing to America’s household formations. From 2000 to 2013, the number of young adults hanging with family increased 46%, while the number cohabitating with a significant other fell 21%.
