Up Sucker Creek

Up Sucker Creek
Photo Courtesy of the Lake Oswego Library

Sunday, January 25, 2015

What kind of homes do Millennials want?

National Association of Home Builders 
Survey:  What Kind of Homes do Millennials Want?

USC reported on this subject the other day -
Millennials who want to settle down are buying detached, single-family houses.  But what kind of houses do they look for?

The NAHB did a survey in 2014 that answers this question.  In short, they are a lot like their parents: not much money starting out; they only need a smaller home at first; and older, less expensive homes are preferred.

Here is a link to the survey summary.  The entire survey is available through a link at the bottom of the webpage.

Portland Monthly Magazine: 2014 Real Estate 
Where are the hottest neighborhoods in Portland?  How do suburban communities compare?  Check out Portland Monthly Magazine's annual run-down on area real estate markets.  Notice that the "hot" areas in Portland are the modest areas of smaller or older homes in neighborhoods that are being fixed up and rejuvenated.  As the lower end neighborhoods turn over, prices go up and affordability goes down.  The suburban statistics for transportation and crime are interesting too.

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