Tuesday, November 24, 2009

Secular Trends Trump Cyclical

Here's a secular trend:

Adults Moving Home in Recession; Delaying Marriage, Kids

 The recession has caused many adults to move home, shack up with roommates and delay having kids according to a study to be released today by the Pew Research Center. The report, which draws on Census data as well as a nationwide survey, follows media reports on some of the same phenomena.

One-in-ten adults ages 18 to 35 (10%) say the poor economy has forced them to move back in with mom and dad.

12% said they moved in with a roommate.

Recession Hits Immigrants Hard - Survey Shows First Decline in Foreign-Born U.S. Residents in Nearly 40 Years

The number of foreign-born residents of the U.S. declined for the first time since at least 1970, as a recession and tight labor market dented America's image as the land of opportunity.
A decline in construction jobs lured fewer immigrants from their home countries, especially those from Mexico, according to the Census Bureau's annual American Community Survey.
Due to the ill advised policies, more homes and inventory will continue to come into the market.  Despite what NAR wants you to believe, secular trumps cyclical.

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