Homes bulging as Floridians move back in with parents
Palm Beach Post
By Kimberly Miller
...Gary Painter, a University of Southern California professor who wrote the report, said Florida's high unemployment rate of 12.2 percent and steep decline in property values make it particularly vulnerable to household loss — an occurrence that leads to real estate surpluses, slower market recovery and crowding. The percentage of homes with more than one person per room grew from 2 percent to 10 percent between 2005 and 2008 among households with residents born in the U.S., the report found.
Immigrant households considered crowded grew from 15 percent to 17 percent during the same period. The study also suggests that families that have moved during the recession are more likely to become renters.
"People are moving in the wrong direction in terms of homeownership," Painter said. "People who used to own their home lost it, and people aren't taking the first step to rental and then to home-ownership."...