WASHINGTON, DC--(Marketwired - Sep 8, 2014) - First-time homebuyers have been largely absent from the housing market in the current economic recovery, but some metropolitan areas -- particularly in the Midwest and West -- are well positioned to see increases in home-buying from the Millennial generation in upcoming years, according to newly released infographic by the National Association of Realtors ® .
NAR analyzed current housing conditions, job creation and population trends in metropolitan statistical areas across the U.S. to determine the best markets for aspiring, leading edge Millennial homebuyers. Austin, Texas; Minneapolis; Denver; Seattle; and New Orleans were identified as top standouts for Millennials for having a young adult population with solid job growth rates and still relatively affordable home prices. Visit www.realtor.org/millennials to find out about more markets.
Information about NAR is available at www.realtor.org . This and other news releases are posted in the "News, Blogs and Videos" tab on the website.
For further information contact: Adam DeSanctis 202/383-1178 Email Contact
