SOURCE: National Association of Realtors

National Association of Realtors

September 08, 2014 10:10 ET

Millennial-Friendly Cities: What Are the Most Affordable Cities for the New Generation of Homeowners?

WASHINGTON, DC--(Marketwired - Sep 8, 2014) - First-time homebuyers have been largely absent from the housing market in the current economic recovery, but some metropolitan areas -- particularly in the Midwest and West -- are well positioned to see increases in home-buying from the Millennial generation in upcoming years, according to newly released infographic by the National Association of Realtors®.

NAR analyzed current housing conditions, job creation and population trends in metropolitan statistical areas across the U.S. to determine the best markets for aspiring, leading edge Millennial homebuyers. Austin, Texas; Minneapolis; Denver; Seattle; and New Orleans were identified as top standouts for Millennials for having a young adult population with solid job growth rates and still relatively affordable home prices. Visit www.realtor.org/millennials to find out about more markets.

Information about NAR is available at www.realtor.org. This and other news releases are posted in the "News, Blogs and Videos" tab on the website.

Contact Information

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