HOTTEST HOUSING MARKETS
FOR MILLENNIALS Jim Eischens
MILLENNIALS HOLD A LOT OF POWER AND INFLUENCE IN AMERICA ALONE
These trendsetters also have $200 billion in annual buying power, and when it comes to owning a home, millennials are considering certain hot real estate markets for 2019 despite rising mortgage rates and housing prices. Here are their top 5 picks.
LAKELAND, FLORIDA Offers a solid job market, fun nightlife with plenty of dining options and a strong public school system at an affordable price.
GRAND RAPIDS, MICHIGAN Highest rate of millennial mortgage takers at 48.8% Packed with microbreweries. Home to many of the state’s number one schools. Beautiful public gardens. One of the world’s largest art festivals.
EL PASO, TEXAS -Vibrant culture -Famous tex-mex cuisine -outdoor exploration -Affordable cost -Strong job growth
CHATTANOOGA, TENNESSEE Median Home Sales Prices of $172,000 One of the fastest growing hubs of tourism. Beautiful natural landscape along the Tennessee River. Largest citywide gigabit-speed internet.
PHOENIX, ARIZONA 5TH LARGEST CITY IN THE COUNTRY
Booming art scene. Plenty of local culture. One of the sunniest cities in the nation. Picturesque mountain landscapes.
THESE MILLENNIAL-FRIENDLY COMMUNITIES ALL SHARE AT LEAST TWO INTERESTING FACTORS FOR YOUNG PEOPLE.
1. HIGH SALES GROWTH 2. HIGH PRICE GROWTH
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