Millennials are making an impact in the housing market. It is said the millennials value experience over accumulation of goods. This may be why according to The National Association of Realtors that 57 percent of millennials are buying in the suburbs. The majority of these want to experience raising a family in a safe environment with quality school districts. In the past, workers went where the jobs were. Today, with access to the internet, Millennials are choosing where to live first and anticipate employers finding them. It’s no longer the status quo to contact a realtor first as 91% of millennials use online resources to start their home buying search. Many are even eliminating speaking to a lender to acquire a pre-approval letter and rather doing it themselves online at places like PreApprovalCenter.com. This could be the wave of the future.
