Millennials are reshaping the housing market and are said to increasingly settle in cities throughout the United States in 2016transitioning from renting to owning. This generation will play a large role in markets across the nation - includingBoston, according to Realtor.com.
Millennials have begun to shape every aspect of living including homeownership. The older end of the millennial generation, ages 25 to 34, make up 13.6% of the U.S. population and an incredible 30% of the current population of existing-home buyers.
This younger generation of home buyers is gravitating towards cities that have an abundance of jobs and a trendy atmosphere of their own. With the number of Universities, hospitals and job opportunities in Boston, there is no surprise that the area is to see an increase in the number of millennial home buyers in 2016.
As part of the realtor.com 2016 real estate forecast, the top 10 markets to see a surge of millennial buyers in 2016 are:
- Atlanta, Georgia
- Pittsburgh, Pennsylvania
- Memphis, Tennessee
- Boston, Massachusetts
- Austin, Texas
- San Diego, California
- Seattle, Washington
- Houston, Texas
- Denver, Colorado
- Charlotte, North Carolina
For more information visit realtor.com