Millennials Are Changing the Luxury Real Estate MarketBloomberg states that tech-savvy and environmentally conscious millennial preferences are poised to dramatically reshape the high-end housing market. According to a
38% survey, millennials—adults born from 1981 to 1996—represent the largest share of homebuyers in the U.S., according to a survey by the National Association of Realtors released last year.
With mortgage rates at record lows, Millennial buyers have taken advantage and are responsible for a majority of the record mortgage applications in 2020. Forbes reported the top ten metropolitan areas Millennials have flocked to include San Jose, Boston, Denver, Minneapolis, Buffalo, San Francisco, Salt Lake City, Austin, Pittsburgh, and New York City.