38.3% of 18-to-34-year-olds live with parents or other family members, another reason Boomers are slow to retire. But most concerning is the 20% of adults 26 to 34, up from 17% in 2012, who live with family members, according to a census data analysis by Trulia. Millennials who graduated from high school and college at the peak of the Great Recession were hit the hardest. Not being able to gain immediate experience and the confidence of landing a job left many with a spotty resume and lower compensation level. Even those that have recovered from a bad start out of the gate live at home, burdened by student debt or to save money to purchase their own home. The talent pipeline into commercial real estate simply isn’t that large, and we have experienced seven years of constant CRE job growth, with relatively few new entrants. Our industry needs to attract, nurture and give this talent pool the second chance they deserve.
About the SelectLeaders Job Barometer
The SelectLeaders Job Barometer, published since 2006, is the foremost survey of employment opportunities, trends, and hiring practices in the commercial real estate industry.
About the SelectLeaders Real Estate Job Network
SelectLeaders powers the Career Centers for 9 premier real estate industry Associations (whose members control or direct 90% of commercial real estate). Jobs are from all sectors and all levels with 29% paying over $100,000. SelectLeaders Job Network offers unequalled access to the Real Estate community. To learn more visit selectleaders.com or visit our Job Network Career Centers: BOMA, CCIM, CREFC, GlobeST.com, NAIOP, NAREIM, NAREIT, NMHC, PREA, Project REAP, ULI, NRHC