December Perspectives

Windermere Eastside

A few weeks ago, we heard a term that was new to us: “emerging adulthood.” It was defined as the life stage where young adults in their 20s take time to find themselves. Otherwise known as the time when kids graduate from college and move home because they don’t know what the heck they want to do with their lives. We have a student like that graduating this spring, so this topic is definitely of interest to our family.

It got us thinking about the millennial generation and first-time home buyers. A lot has been written about this generation’s barrier to home ownership due to school debt, high unemployment, and tight lending standards. But times they are a changing. For one, the recent loosening of credit conditions is making it easier for first-time buyers to secure a mortgage. Secondly, economists say that all of the jobs that were lost locally…

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