Earlier this year, the National Association of Realtors released a report entitled, “Best Purchase Markets for Millennial Homebuyers,” which took into account a lot of variables that can affect real estate investors when making a decision on where to buy investment property. In conducting the study, NAR looked at a number of factors, such as the local employment situation, the inventory of homes, the migration patterns of millennials and the affordability of homes in those areas. Out of the top 100 metropolitan areas analyzed by NAR, markets that stood out as projected to gain or to witness an increase in millennial homebuying in the upcoming year include Austin, Dallas, Denver, Minneapolis and Seattle. [Read this article]
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