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Millennial Migration

Washington made a list of the top 10 housing markets that are expected to witness an increase in millennial homebuying next year. Other markets that made the list included New Orleans and Seattle. The National Association of Realtors (NAR) assessed 100 metropolitan areas and where the millennial generation is heading for their next home in the report, titled "Best Purchase Markets for Millennial Homebuyers." The NAR's report found that "homebuying among young adults under age 35 peaked in 2005, at 43 percent, before declining to 36 percent in the first quarter of 2014." [WTOP]