TOP 5 MOST POPULAR STATES FOR MILLENIALS

REAL ESTATE IN THE DIGITAL REALM

Since 2013, the National Association of REALTORS® has been writing the Home Buyers and Sellers Generational Trends Report. This report provides insights into differences and similarities across generations of home buyers and home sellers. The following is concluded:

  • Younger Millennials are broken out in this report—at 11 percent they are now a larger home buyers group than the Silent Generation (7 percent).
  • Millennials overall remain the largest generation of buyers.
  • 1 in 4 Younger Boomer and Silent Gen buyers are single females
  • Older Millennials are most likely to have children under the age of 18 in the home at 69 percent.
  • Gen Xers are now most likely to buy a multi-generational home at 16 percent.
  • Younger Millennials purchase homes through agents, with the highest share of any generation at 92 percent.

Again and again Millennials are reported to be the biggest group of home buyers and the following cities are where they opt to move and stay:

Maddison, Wisconsin
75% Millennial Movers
32% Share of Millennials to total number of the population

 

Grand Rapids, Michigan
73%
Millennial Movers

27% Share of Millennials to total number of the population

 

Seattle, Washington
70%
Millennial Movers

29% Share of Millennials to total number of the population

 

Durham, North Carolina
68%
Millennial Movers

29% Share of Millennials to total number of the population

 

Omaha, Nebraska
67%
Millennial Movers

28% Share of Millennials to total number of the population

About the writer:

Shaura Cuyan writes about all the hottest Real Estate trends and predictions for Summit VA Solutions! She has previously written for a number of freelancing gigs and writes her own blog on lifestyle and current issues. She is a Graduate of Bachelor of Arts in Communication, taking up her Masters in Development Communication.

 

 

 

 

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