Though many millennials are now renting, buying a single-family house in the suburbs is still important to them.
Millennials Want To Buy A Home…
50% have a positive attitude toward the buying process
33% expect to buy a home within 5 years
60% think privacy is more important than equity/investment.
….. And Move Out Of The City
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67% prefer single-family homes
41% want a suburban location
40% want a larger tract of land
46% plan to buy locally in the county in which they reside
Source: 2014 CAR Millennial Survey