Next year is the year for Millennials to dominate the housing market, at least that's what realtor.com predicts in its 2016 housing forecast report.
According to realtor.com, Millennials are expected to make up the largest demographic of homebuyers in 2016, representing 30% of the existing home market.
And when it comes to shopping for a home, the report said that Millennials will seek out areas that meet the needs of their growing families – putting the most weight on the safety of the neighborhood and the quality of the home.
As a result, realtor.com said it expects these five housing markets to be some of the most sought-after for millennial homebuyers in 2016 due to their large numbers of millennials, strong employment growth and relative affordability.
5. Columbus, Ohio
4. Charlotte-Concord-Gastonia, North Carolina South Carolina
3. St. Louis, Missouri/Illinois
2. Denver-Aurora-Lakewood, Colorado
1. Atlanta-Sandy Springs-Roswell, Georgia
In addition, realtor.com also reported on 10 real estate markets to watch in 2016 for any age demographic.
