Monday, September 22, 2014

RealtyTrac Reports Top Markets for Boomers Include Wilmington, NC, Punta Gorda, FL and Phoenix, AZ; Millennials Migrating to Washington DC, New Orleans, LA and San Francisco, CA


Daren Blomquist
IRVINE, CA -- RealtyTrac analyzed Census population data between 2007 and 2013 in more than 1,800 counties nationwide to discover which markets are seeing the biggest shifts in both baby boomer and millennial populations, overlaying that data with information on median prices, price appreciation and rental rates to create a heat map of their migration patterns.

he analysis further focused in on the top 10 counties for increases and decreases in both millennials and baby boomers.

“The millennial generation is the key to a sustained real estate recovery and boomers who are downsizing are helping open the door for many first time homebuyers while also driving demand for purchases and rentals in the markets where they are moving,” said Daren Blomquist, Vice President of RealtyTrac.

 “Naturally, millennials are attracted to markets with good job prospects and low unemployment but that tend to have high rental rates and high home price appreciation, while boomers are moving to lower populated areas which have slower home price appreciation.”

 For a complete copy of the company’s news release, please contact:

 Ginny Walker
 Office: 949.502.8300 ext. 268
 Mobile: 323-317-5852  


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