What's Happening

Millennials are always a big topic when it comes to trends. They are normally thought of the generation that live in urban areas or lives at home with their parents. However, Zillow recently posted an article with surprising research indicating Millennials are moving to the suburbs due to high rent costs in urban areas. Another surpassing trend, is they are actually driving the housing market. Half of all home buyers are under the age of 36.

One of the main reasons why Millennials are willing to move out to the suburbs are the amenities these new communities are offering; most of them have community gyms, pools, and recreation centers. Rent in urban areas is increasing rapidly. By moving out the suburbs they are able to afford a bigger, nicer place than they would in urban areas.

For more interesting statistics about millennials click here for the article.