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2015 the year for the millennial buyer in Des Moines Metro area?

 
 
 
According to Realtor.com®'s
 
Millennials will drive household formations: Both population and households have grown at a slightly higher pace in 2014 and this trend will continue in 2015 with modest improvement over this year's increases. Households headed by millennials will see significant growth as a reflection of economic gains. Millennials will also drive two-thirds of household formations over the next five years. Next year's addition of 2.75 million jobs and increased household formation will be the two key factors driving first-time buyer sales. 
 
According to Realtor.com®'s Top 10 Markets for Housing Growth in 2015 Des Moines-West Des Moines Iowa was a market to watch for Millenial share of households and growth.  The National Association of Realtors®. found that one-third of the homebuyers during the first quarter of 2014 were Millenial buyers. 
 
Lawrence Yun, NAR chief economist, said the Millennial generation, which is under the age of 34, is now entering the peak period in which people typically buy a first home. “Given that Millennials are the largest generation in history after the baby boomers, it means there is a potential for strong underlying demand. Moreover, their aspiration and the long-term investment aspect to ... more

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