Op-Ed: Home prices are going through the roof. Millennials piling into the market is one big driver (via latimesopinion)
” for houses, notably outside major urban centers. Millennials are part of this dynamic, seeking to make their lives outside of cities and to own their own homes rather than rent.
by the Los Angeles Times and Reality Check Insights reveals that cities are becoming less appealing for most Americans — with dreams of lush lawns and open skies being ascendant even for millennials.Today, 38% of Americans would move to a small town or rural area if they could pick anywhere to live in the country. Around 33% would opt to move to a suburb of some sort, and just 24% would want to live in a city.
Married millennials are even more likely to want to move to the country — 31% compared with 21% for singles. A quarter of families — both with and without children under 18 — say they would like to move to rural America. Having children doesn’t seem to drive the move to rural areas. But children do appear to push families to move to the suburbs: Millennial parents would prefer to live in suburbs versus cities by a ratio of 2 to 1.