As millennials age, it’s not a question of whether they will settle down. It’s a question of where.
After all, the generation long chided as eternal renters is finally buying houses of its own. Of all the homebuyers in the U.S., more than a third were millennials in 2017, according to a study by the National Association of Realtors (NAR).
But they aren’t buying in the cities they’ve called home for over a decade. While millennials still prefer to rent in urban centers, those who want to own a home are packing their bags and moving — largely to the suburbs — when the time comes, according to an NAR report.
Image: A couple strolls through downtown Rogers, Ark. Courtesy of the Rogers-Lowell Area Chamber of Commerce
