Morning Minute: Home is Where Mom Is?

Image: Bigstock

Image: Bigstock

Here’s an interesting fact that you probably didn’t know. The typical American adult lives only 18 miles away from his or her mother, according to a New York Times analysis of a University of Michigan Health and Retirement Study.

And only 20 percent of people live more than a couple hours’ drive from their parents, according to the same data.

The New York Times article, “The Typical American Lives Only 18 Miles From Mom,” takes a closer look at some of the economic, cultural and geographical factors at play. You can also read more from NAR on the topic.

In other headlines:

CFPB Moves to Calm Fears Over Minor Closing Errors – NAR Daily Real Estate News

CoreLogic: Home prices surge 6.3% in November – HousingWire

10 reasons why for-sale-by-owners (FSBOs) fail – Inman

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