Survey: What Kind of Homes do Millennials Want?
USC reported on this subject the other day -
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.
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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