Yahoo finance API is not available right now, please try again soon...
Home | Headlines | Millennial Homebuyers are Fleeing to the ‘Burbs
Print This Post Print This Post

Millennial Homebuyers are Fleeing to the ‘Burbs

home-for-sale-sign-threeDespite popular beliefs, the millennial generation will eventually want to transition from their fast-paced, renter lifestyle into a single-family home with a mortgage, but the real surprise is where these young homebuyers are choosing to settle down.

Millennial homebuyers are growing in numbers, and more of them are purchasing single-family homes outside of urban areas in the suburbs.

The 2016 National Association of Realtors (NAR) Home Buyer and Seller Generational Trends study of 94,971 recent home buyers, which evaluates the generational differences of recent home buyers and sellers from June 2014 to June 2015, found that the share of millennials buying in an urban or central city area fell to 17 percent from 21 percent a year ago in this year’s survey, while only 10 percent purchased a multifamily home compared to 15 percent a year ago.

The largest group of recent buyers were millennials (35 percent) for the third consecutive year, more than the combined amount of younger and older boomers (31 percent), the survey data found. The median income of millennial homebuyers was $77,400, and they typically bought a 1,720-square foot home costing $187,400. 

Overall, the majority of buyers in all generations prefer to buy a home in a suburban area and younger buyers tend to favor older homes, the report said. 

So while urban areas may fit millennial needs as renters, they do not remain in city-centers when they are ready to buy a home, according to Lawrence Yun, NAR Chief Economist.

"The median age of a millennial homebuyer is 30 years old, which typically is the time in life where one settles down to marry and raise a family,” Yun said. “Even if an urban setting is where they’d like to buy their first home, the need for more space at an affordable price is for the most part pushing their search further out.”

Yun continued, "Furthermore, limited inventory in millennials’ price range, minimal entry-level condo construction and affordability pressures make buying in the city extremely difficult for most young households.”

Millennials are known for their tech-savvy lifestyles, but nearly all buyers predominantly used the Internet and a real estate agent while looking for a home. The study found that 87 percent of millennials and Gen X buyers used an agent and were also the most likely to use mobile or tablet applications and mobile or tablet search engines during their search.

"Supply shortages, strong competition and rising home prices in today’s market can make buying a home very stressful,” said NAR President Tom Salomone, broker-owner of Real Estate II Inc. in Coral Springs, Florida. “While the Internet is the initial go-to destination to search for available listings, consumers want the expertise and insights of a Realtor to help them find the right home within their budget.”

Who's buying what?

Click here to view the full report.

About Author: Xhevrije West

Vri 2
Xhevrije West is a talented writer and editor based in Dallas, Texas. She has worked for a number of publications including The Syracuse New Times, Dallas Flow Magazine, and Bellwethr Magazine. She completed her Bachelors at Alcorn State University and went on to complete her Masters at Syracuse University.


  1. Pingback: Millennial Homebuyers are Fleeing to the ‘Burbs - Appraisal Buzz

  2. Pingback: Millennial Homebuyers are Fleeing to the ‘Burbs - Brokers TitleBrokers Title

  3. Pingback: Foreclosure Condos Coral Springs Fl | Rates for CPA Services for SMB

  4. Pingback: Foreclosure Listings In Coral Springs Fl | Rates for CPA Services for SMB

  5. Pingback: Real Estate Agent In Coral Springs | Rates for CPA Services for SMB

  6. Pingback: xmt85c4wx5ctwxw3tcerthve56

  7. Pingback: دانلود قسمت هشتم شهرزاد دوم

  8. Pingback: دانلود شهرزاد قسمت دوازدهم فصل دوم

  9. Pingback: دانلود شهرزاد قسمت هشتم فصل دوم

  10. Pingback: دانلود قسمت 17 عاشقانه

  11. Pingback: دانلود قسمت 14عاشقانه

  12. Pingback: دانلود قسمت 10 شهرزاد دوم

  13. Pingback: دانلود قسمت دوازدهم عاشقانه

  14. Pingback: Jada Stevens

  15. Pingback: Rayna Rose

  16. Pingback: Karter Foxx

  17. Pingback: Ana Foxxx

  18. Pingback: hamptonbaycelingfanblog

  19. Pingback: dolandirici

  20. Pingback: دانلود شهرزاد قسمت هفتم فصل دوم

  21. Pingback: Jada Stevens

  22. Pingback: lesbian porn

  23. Pingback: Free Stuff Worldwide

  24. Pingback: Negotiations

  25. Pingback: free online movies

  26. Pingback: real money casino games

  27. Pingback: Hundeskove i Nordjylland

  28. Pingback: دانلود قسمت 11 شهرزاد 2

  29. Pingback: دانلود قسمت سوم شهرزاد دوم

  30. Pingback: دانلود ققسمت 12 عاشقانه

  31. Pingback: porno gratis

  32. Pingback: porno gratis

  33. Pingback: videos porno

  34. Pingback: videos porno

  35. Pingback: videos porno

  36. Pingback: porno gratis

  37. Pingback: porno

  38. Pingback: porno gratis

  39. Pingback: شرکت تولیدی پنجره دوجداره

  40. Pingback: Ultrasonic Wind Sensor

  41. Pingback: aquarius man and scorpio woman love 2017

  42. Pingback: ساخت پنجره دوجداره

  43. Pingback: Facial Spa Services Weston

  44. Pingback: Facial Spa Services Miramar

  45. Pingback: Facial Spa Services Lauderhill

  46. Pingback: Acne Facial Treatments Davie

  47. Pingback: Facial Spa Services Wilton Manors

  48. Pingback: groin support

  49. Pingback: فروش توری

  50. Pingback: 18+

  51. Pingback: air jordans

  52. Pingback: visitez le site

  53. Pingback: zynga poker chips

  54. Pingback: recessed lights

  55. Pingback: پنجره

  56. Pingback: bitcoin investment coin-banks

  57. Pingback: magazin de pescuit

  58. Pingback: coin-banks trading

  59. Pingback: coin-banks review

  60. Pingback: coin-banks cryptocurrency

  61. Pingback: دانلود قسمت هشتم شهرزاد

  62. Pingback: nico control � bom

  63. Pingback: anime

  64. Pingback: download

  65. Pingback: vpm

  66. Pingback: taylormade m2 driver for sale

  67. Pingback: دانلود شهرزاد 13

  68. Pingback: دانلود شهرزاد قسمت 15 پانزده

  69. Pingback: TRUSSARDI BAGS

  70. Pingback:

  71. Pingback: http://

  72. Pingback: key

  73. Pingback: rhymes for kids

  74. Pingback: دانلود شهرزاد قسمت 16

  75. Pingback: Temple

  76. Pingback: Roof Repair Long Island

  77. Pingback: دانلود فیلم ایرانی

  78. Pingback: دانلود

  79. Pingback: دانلود سریال عالجناب اول

  80. Pingback: دانلود قسمت دوم عالیجناب

  81. Pingback: 食品

  82. Pingback: Drake

  83. Pingback: دانلود سریال عالیجناب قسمت اول 1

  84. Pingback: pig toys

  85. Pingback: political polls twitter

  86. Pingback:

  87. Pingback: Marquee hire prices in London

  88. Pingback: پنجره ضد سرقت

  89. Pingback: kids songs

  90. Pingback: شرکت تولیدی پنجره دوجداره المانی

  91. Pingback: پنجره دوجداره ویستایست

  92. Pingback: locolingo social

  93. Pingback: Tile and Grout Cleaning nolanville TX

  94. Pingback: Bangkok Caterin

  95. Pingback: exemple

  96. Pingback: free delivery

  97. Pingback: cheap loans

  98. Pingback: usb charger cable iphone

  99. Pingback: sell home

  100. Pingback: دانلود فیلم با کیفیت

  101. Pingback: ad network

  102. Pingback: Pay Per Click Ireland

  103. Pingback: پنجره دوجداره

  104. Pingback: upvc window

  105. Pingback: Pixel Gun hack

  106. Pingback: تعویض پنجره دوجداره

  107. Pingback: how to buy bitcoin

  108. Pingback: learn colors

  109. Pingback: jewelry software

  110. Pingback: Dallas Web Design

  111. Pingback: دانلود فیلم

  112. Pingback: پنجره

  113. Pingback: قیمت پنجره دوجداره

  114. Pingback:

  115. Pingback: فروش توری پنجره دوجداره

  116. Pingback: شرکت تولیدی پنجره دوجداره

  117. Pingback: پنجره دوجداره

  118. Pingback: Buy weed online Canada

  119. Pingback: IELTS preparation in Karachi

  120. Pingback: مشاوره کسب و کار اینترنتی

  121. Pingback: instagram turbanli porn

  122. Pingback: extreme natural disaster

  123. Pingback: affordable SEO services

  124. Pingback: viagra

  125. Pingback: all on four pembroke pines

  126. Pingback: bottom slim novena

  127. Pingback: mesin slot terbaru

  128. Pingback: Mitch McConnell

  129. Pingback: agen qiuqiu uang asli

  130. Pingback: garden bridges

  131. Pingback: Personal trainer Winter Park FL

  132. Pingback: truck

  133. Pingback: Frozen Elsa

  134. Pingback:

  135. Pingback: more

  136. Pingback: Vancouver BC Airport Shuttle

  137. Pingback: good to great summary

  138. Pingback:

  139. Pingback:

  140. Pingback: entrepreneurship

  141. Pingback: Kostenlos werben

  142. Pingback: buy views on youtube

  143. Pingback: private proxy

  144. Pingback: ed sheeran cd

  145. Pingback: دانلود فیلم

  146. Pingback: download best

  147. Pingback: Bad Baby

  148. Pingback: instagram turbanli sex izle

  149. Pingback: Not�cias

  150. Pingback: پنجره

  151. Pingback: پنجره

  152. Pingback: دانلود

  153. Pingback: Coconut Water Processing Machine

  154. Pingback: top 40 music chart

  155. Pingback: garden

  156. Pingback: garden bridge

  157. Pingback: Seo

  158. Pingback: Hair Loss

  159. Pingback: Online Live Casino Malaysia

  160. Pingback: how to vlog

  161. Pingback: gifts for him

  162. Pingback: usi tech info

  163. Pingback: disconnected undercut

  164. Pingback: business cards markham

  165. Pingback: business cards hamilton

  166. Pingback: maintenance

  167. Pingback: Fuzjn Project 365

  168. Pingback: Fuzjn Project 365

  169. Pingback: 192.168.o.1.1/wizardoi mudar senha

  170. Pingback: karaj

  171. Pingback: دانلود

  172. Pingback: uk top 40 songs

  173. Pingback: online casino game

  174. Pingback: stainless steel chef

  175. Pingback: Test bank online

  176. Pingback: دانلود فیلم

  177. Pingback: Electric can opener

  178. Pingback: window

  179. Pingback: download

  180. Pingback: download movie

  181. Pingback: download

  182. Pingback: پنجره

  183. Pingback: دانلود فیلم

  184. Pingback: garden bridges california

  185. Pingback: Sales Videos

  186. Pingback: carte grise

  187. Pingback: garden bridges Dallas

  188. Pingback: seo jacksonville

  189. Pingback: Bad Credit Remortgages

  190. Pingback: best theme for real estate

  191. Pingback: Self Storage Units and Facilities in Dixie Highway

  192. Pingback: home maker on the edge

  193. Pingback: mike

  194. Pingback: Self Storage Units and Facilities in Doraville GA

  195. Pingback: Self Storage Units and Facilities in Station Square in Pompano Beach

  196. Pingback: Self Storage Units and Facilities in New Rochelle

  197. Pingback: VERDE BAGS

  198. Pingback: USA

  199. Pingback: Easiest Way To Make Money Without a Website

  200. Pingback: Breast Augmentation Houston

  201. Pingback: personnel consultancy

  202. Pingback: ride on a bike

  203. Pingback: inspirational quotes

  204. Pingback: cheap jordans shoes

  205. Pingback: MacBook Screen Repair

  206. Pingback: removal

  207. Pingback: vape pen

  208. Pingback: best weight loss surgery in india

  209. Pingback: car shipping companies

  210. Pingback: buy cheap hacklinks

  211. Pingback: دانلود فیلم نهنگ عنبر

  212. Pingback: learn colors with balls for kids

  213. Pingback: Judi Bola

  214. Pingback: Agen Bola

  215. Pingback: payday loans

  216. Pingback:

  217. Pingback:

  218. Pingback: ad exchange

  219. Pingback: hue sport socks

  220. Pingback: پنجره

  221. Pingback: Fitness

  222. Pingback: پنجره

  223. Pingback: headhunter

  224. Pingback: دانلود فیلم

  225. Pingback: دانلود شهرزاد فصل دوم

  226. Pingback: High chair cover

  227. Pingback: Booster seat cover

  228. Pingback: نهنگ عنبر

  229. Pingback: brutalxxxporn dancing bear porn

  230. Pingback: Nursing cover

  231. Pingback: SCR888 Casino Malaysia

  232. Pingback: child abuse online

  233. Pingback: missguided coupon code

  234. Pingback: Tueroeffnung

  235. Pingback: Olahraga Selalu Dihati

  236. Pingback: maxima investments

  237. Pingback: porn movie

  238. Pingback: pornmd mobile

  239. Pingback: game hack

  240. Pingback: Click Here

  241. Pingback: پنجره دوجداره

  242. Pingback: game free

  243. Pingback: My Ball My Life

  244. Pingback: دانلود

  245. Pingback: boymorgaitrop

  246. Pingback: Taruhan Olahraga

  247. Pingback: فیلم نهنگ عنبر


  249. Pingback: buy hacklinks

  250. Pingback: لینکدونی فروش

  251. Pingback: buy hacklink google


  253. Pingback: USAA Bank

  254. Pingback: cookware

  255. Pingback: wireless headphones

  256. Pingback: Oddsmonkey

  257. Pingback: Oddsmonkey

  258. Pingback: corporate gifts

  259. Pingback: large funnel

  260. Pingback: Oddsmonkey

  261. Pingback: Oddsmonkey

  262. Pingback: Oddsmonkey

  263. Pingback: roll gauze

  264. Pingback: zenofem reviews

  265. Pingback: www.envisionsolutionsnow

  266. Pingback: cooking tools

  267. Pingback: فیلم رگ خواب

  268. Pingback: Traffic

  269. Pingback: فیلم رگ خواب

  270. Pingback: switchable privacy film

  271. Pingback: Hakukoneoptimointi Espoo

  272. Pingback: yPros and Cons of Delivery Drones

  273. Pingback: covers accessories

  274. Pingback: ghost stories

  275. Pingback:

  276. Pingback: max

  277. Pingback: Radhe Maa

  278. Pingback: Get More Info

  279. Pingback: news bangla

  280. Pingback: la diete 2 semaines pdf forum

  281. Pingback: Fleshjack Brent Everett Mouth

  282. Pingback: zobacz

  283. Pingback:

  284. Pingback: poker

  285. Pingback: bulk computer recycling

  286. Pingback: estate planning port arthur

  287. Pingback: xxx tube sex

  288. Pingback: it disposal berkshire

  289. Pingback: great post to read

  290. Pingback: اغاني عربية

  291. Pingback: assignment writing uk

  292. Pingback: click to read

  293. Pingback: Yahoo Finance

  294. Pingback: best paper editing services

  295. Pingback: custom dissertation writing

  296. Pingback: essay writing skills

  297. Pingback: Irvine Real Estate Agent

  298. Pingback: igienizare aer conditionat

  299. Pingback: porncom

  300. Pingback: ways to make breasts bigger

  301. Pingback: Daniel

  302. Pingback: personal credit repair

  303. Pingback: porn world xxx sex polls

  304. Pingback: walmart1

  305. Pingback: Ana Çıtlak Antep Fıstığı

  306. Pingback: walmartone

  307. Pingback: WoW Vanilla discord

  308. Pingback: porn

  309. Pingback: walmartone

  310. Pingback: google blackhat free

  311. Pingback: nike iphone 6 case

  312. Pingback: google cheat

  313. Pingback: mk bags

Leave a Reply

Scroll To Top