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