Hottest real estate markets for millennials in 2019

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There’s a lot of positive news about real estate these days. have a “side hustle” on top of their full-time jobs. Even so,

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 · Look who’s fueling the hottest housing markets. Millennials boast a 62 percent home ownership rate in Kentwood and account for 42 percent of all new mortgage applications. The median home listing price is a modest $118,833, and homes sell in an average of 16 days.

and the residential real-estate market. A variety of players, ranging from PE funds, developers to hospitality operators, have begun to create the financial models needed to capitalise on this.

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Millennials are unique in their preference for a new, spec-built home. Emrath says it is important to realize that the market for housing is heavily tilted towards existing homes, which is almost five.

According to the CBoC, the local construction sector is on track to record its 10th straight year of growth in 2019, with GDP growth forecast to reach 2.4% in 2018 and 2.3% in 2019. Respondents also ranked Toronto’s housing prospects first among all 10 markets. said millennials, in particular, have the strongest hold in these markets, taking out up to 49 percent of mortgages for these areas.

Clever Real Estate recently looked at the best cities for millennials to buy a home – with a focus. livability, and housing market forecast. Read more: Here’s how much it costs to rent a.

Marketing to Millennials may be challenging, but it’s worth the effort. To successfully grow your business as a new real estate agent, remember to focus at least some of your real estate advertising efforts toward this powerful target market. learn how and where to find millennial real estate prospects online.

Some housing and real-estate experts have said over the past. The Federal Reserve has put interest rate hikes on hold for 2019 as the.