Everybody knows the deal: Millennials want to be in the biggest cities, in the center of all the trendiness, all the job growth, and, generally speaking, all the action. Right?
Well, not so fast.
It turns out that millennial home buyers are increasingly moving to small towns, according to the 2018 Home Buyer and Seller Generational report from the National Association of Realtors®. About a fifth of those aged 37 and under, 21%, bought homes in a small town compared with 16% in the previous year, according to the report. That’s compared with 15% who moved to urban areas, which has been the same for the past two years.
However, the bulk of millennial buyers, 52%, are still heading to the suburbs.
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