Best Markets for Millennial Buyers

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According to a recent survey conducted by the National Association of REALTORS® and as explained by Lawrence Yun, NAR’s chief economist, “An overwhelming majority of young renters recently said they eventually want to buy a home.”

But for young professionals looking to live close to a major metro, for the higher number of potential job opportunities and decreased commute times, finding the sweet spot of an appealing neighborhood at an affordable price can be a challenge. In fact, a study earlier this year found that many are heading out to the suburbs due to lack of affordable housing within city limits.

As somewhat of a middle ground, REALTOR Magazine Online recently shared a list of the 10 best housing markets for millennials:

  1. Austin, Texas
  2. Charleston, South Carolina
  3. Denver
  4. Minneapolis, Minnesota
  5. Ogden, Utah
  6. Portland, Oregon
  7. Raleigh, North Carolina
  8. Salt Lake City
  9. Seattle
  10. Washington, D.C.

According to the article, these are “metro areas with solid job growth and that offer a smoother path to home ownership.” Read more and see a handful of secondary markets here.

Are there any you would add to the list for the millennials you’re working with? Tell us in the comments below!

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