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Posted on 3/27/17 at 4:18 pm to southernelite
Exactly. Some of these places like Atlanta are extremely overbuilt.
Posted on 3/27/17 at 4:25 pm to southernelite
quote:
Yet, Millennials are still slow to buy houses, which makes me think that this market will be hot for a while as they start buying up houses.
The most intriguing trend we are seeing with Millenials in Middle TN is they will sacrifice location for the house within the city. They have no qualms about the teardown/rebuild on the bad block. They are gentrificating machines.
Posted on 3/27/17 at 4:35 pm to southernelite
quote:
Yet, Millennials are still slow to buy houses, which makes me think that this market will be hot for a while as they start buying up houses.
I keep reminding people in my industry that older millennials are well into their 30's. (if you go by the 1980 and later definition). They aren't just growing up, many have already grown up, had kids, etc.
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