What is a boomerang renter? When grown children move back home with their parents.
With many Americans boomeranging back with mom and dad or sharing digs with roommates, the nation’s apartment operators–particularly the public players–continue to bite their nails as they await recovery.
The Pew Research Center reports that one-in-10 adults aged 18-to-35 – prime renting years – say the weak economy has forced them to return to the nest. Reasons range from job loss to heading back to school.