The Millennial generation is showing different housing preferences than previous generations, and some analysts say that Baby Boomers may be growing concerned that they will have a tough time selling their suburban, larger homes due to the Millennials’ differing tastes.
The Millennial generation has been called a key to the housing recovery, and housing experts are taking careful note of how the younger group’s housing preferences differ from previous generations.
The cost of renting in the area is just slightly higher than the national average. Even so, with interest rates so low and home prices forecast to rise, buying is the better option even for those planning just a three-year stay. They should save 14% compared with renting. After five years, that saving advantage rises to 34% and to 42% after seven.
Buy or rent? 10 major cities ~ CNN Money
Top states with the fastest growing economies ~ USA Today