 |
| 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
No comments:
Post a Comment