First Rung on Property Ladder Gets Harder to Reach (Cont'd)


By Noelle Knox, USA TODAY
The number of people who are moving in with friends or family, or sharing apartments or houses to save money, has caught economists at the Realtors association off-guard. The growth in "new households" -- first-time buyers or first-time renters -- has plunged 70 percent from last year's rate.
"This is very unusual," says Lawrence Yun, the NAR's senior economist. "Even during a recession, household formations do