High-income millennials are the force behind a nearly 10 percent decrease in the amount of time homes spend on the market in the most popular areas of the country, according to a new realtor.com® report. Young adults are driving demand for homes in smaller, more suburban locales, and realtor.com® pinpointed the hottest ZIP codes which includes one in Chandler, Arizona.
“When it comes to choosing a home of their own, millennials are looking for opportunity, and they’re finding it in affordable suburbs,” says realtor.com® Chief Economist Danielle Hale. “These hot housing markets are attracting the attention of hard-working, high-earning 25- to 34-year-olds who are drawn by their relative affordability, strong local economies, and outdoor and cultural amenities.”