The National Association of Realtors reported the top ten housing markets for millennials in June 2016.
According to the study, the top ten metropolitan areas include: Austin, Texas; Charleston, S.C.; Denver; Minneapolis; Ogden, Utah; Portland, Ore.; Raleigh, N.C.; Salt Lake City; Seattle and Washington D.C. Honorable metro areas include: Boston; Dallas; Des Moines, Iowa; Jacksonville, Fla. and Nashville, Tenn.
Of the top ten areas, the share of millennial movers make up more than 20 percent, meaning more millennials are moving to those areas than before. "As a result, the homeownership rate for the millennials who moved recently was higher than the average of the 100 largest metro areas. More than one-in-five millennials who moved in 2014 owned a house."
To view the NAR's findings, click here.Click here for reuse options!
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