A whopping 86% of millennial home shoppers indicated they were buying now because of a change in their household size and composition—which includes marriage, having children, or planning to start a family. This “growing household” trigger was much higher for millennials than for any other type of home shoppers. Likewise, millennials were way more likely to say that a stable or improving income triggered them to shop.
- Then we head east to Boston for number 3, then back west for Los Angeles at number 2. The top-predicted market for growth in the real estate world is Phoenix, Arizona.
- It also means that a lot of people will be watching out for bubbles in those areas. On a more positive note, the top 10 markets all benefit from strong growth dynamics of population, jobs, and households.
- The Millennials many surveys focus on tend to want to make sure it’s a good investment and they aren’t going to go crazy with spending on a house.
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