Millennials: Rent Levels and Demographics vs. Credit Scores and Tight Inventory

Posted To: Pipeline Press

Doug T. writes, "There's a strange new trend in the office: people are putting names on food in the company fridge to keep them cold. Today I had a sandwich named Kevin." There are some real estate markets that are anything but cold, but what is a "hot" housing market? The West Coast has seen an ebbing of all-cash Asian buyers, but markets are still good. Pro Teck Valuation Services (a national provider of residential real estate valuations) came up with its definition, and variety of factors, to determine a "hot" housing market. Back in April Millennials surpassed Baby Boomers as the nation's largest living generation , according to population estimates by the U.S. Census Bureau. "Millennials, whom we define as those ages 18-34 in 2015, now number 75.4 million, surpassing...(read more)

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