The Nielsen survey revealed that 62 percent of Millennials ages 18-36 prefer to live in urban areas so they can be close to shopping, dining out and work. Millennials make up 24 percent of the population in the U.S.
The new ‘American Dream’
Millennials appear to be gravitating to California cities. In fact, San Diego, Los Angeles and San Fransisco made the Top 10 housing markets for Millennials while no California city made the Top 10 list for baby boomers. The new American Dream is to own a beautiful home in a walkable neighborhood while reducing your carbon footprint.
A ‘Great Migration’ back to cities
Young people are responsible for the resurgence of the city after the the “Great Migration” from the city to suburbs after World War II left behind the downtown ghost town. They can feel good about supporting urban infill projects that revitalize the community by giving the city added character and much-needed amenities.
Instead of rehabbing older homes, smart young buyers often choose new homes that are energy-efficient and part of urban infill projects. After choosing the best location for you, the next step is to tour models and find the right layout for you.
For young people searching for an urban infill project in Milpitas, San Jose and Silver Lake, California, Trumark Homes can help you find a new homethat meets your individual needs. For more information contact us.