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Is Generation Y Holding Back The Housing Recovery?

Millions of young Americans are unemployed or underemployed, living with roommates or at home with Mom and Dad — instead of buying homes of their own, a new study found. And it isn’t just the economy that is holding them back, experts say: Many were also spooked by the property crash of 2008. The number of “missing households” — that is, Americans who would be owning or renting a home now if prerecession economic trends had continued — hit 2.4 million as of March, according to an analysis of raw monthly government data by real-estate marketplace Trulia. That is down slightly from its peak of 2.6 million in 2011, but up 100,000 from the year prior. And 18- to 34-year-olds account for more than half of the missing households, according to the data. “Household formation is the most important indicator of the housing recovery that isn’t making great strides,” says Trulia chief economist Jed Kolko, who did the analysis. Read more.

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18 Essential Louisville Restaurants According to Eater.com

Anyone who has lived in Louisville for any length of time will tell you that no city in America has better dining options for a city its size (some would argue for any city, period). Accordingly, Eater.com has just posted its list of the 18 essential Louisvile restaurants. We all have our favorites (and I'd say this list is missing a few), but this is a great place to start if you're new to town. Read it here.

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Home Prices Post Biggest Gain in 7 Years

Home prices are moving up at a quicker pace, rising in May by their largest annual amount in more than seven years with more to come, according to the latest report released by CoreLogic. Home prices increased 2.6 percent in May over April and have shot up 12.2 percent compared to last year’s prices. CoreLogic economists are predicting that home prices will rise by another 2.9 percent in June, making the yearly price gain 13.2 percent year-over-year. Read more.

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