Report: Wake County among top 10 national markets for prospective Millennial homebuyers
Wake County is one of the top 10 markets where Millennials are most likely to purchase homes in the next six months, according to a new report by real estate and financial research firm CoreLogic.
It is no surprise that Wake County, NC is No.8 for Millennial home buyers. Wake County includes some of the most desirable neighborhoods in NC: Raleigh, Cary, Apex, Morrisville, Wake Forest in North Carolina. All of these towns are conveniently located near Research Triangle Park which is an area for jobs, especially in the high tech fields.
“Markets that have a lower unemployment rate, lower foreclosures/delinquency rates and a higher year-over-year GDP increase are the most attractive to this younger demographic,” writes CoreLogic.
The report notes a shift from where Millennials are currently buying, “from cheaper areas that border the improving counties to the heart of the improving counties in which the housing market is more expensive.”
The top 10 markets for Millennials in the next six months:
- Douglas County, Colorado
- Prince William County, Virginia
- Fairfax County, Virginia
- Loudoun County, Virginia
- Hamilton County, Indiana
- Forsyth County, Georgia
- Placer County, California
- Wake County, North Carolina
- Boulder County, Colorado
- Williamson County, Tennessee
Rebecca Troyer manages the day-to-day process of delivering the daily digital content and the weekly print edition for the Triangle Business Journal.