Representing $200 billion in annual buying power, potential home owners under the age of 37 are flooding the market. You want more from life than just a great job and cool place to live. You grew up during an economic recession so you understand the concept of saving for what you want. Your free spirit embodies the heart of Denver’s lifestyle communities—a blend of outdoors, nightlife, arts, and culture. You embrace authentic connections, sharing, sustainability and crave economic freedom. Park Properties Realty connects with you through every social media channel and offers intense content to make your home search a snap. We share the best home buying content to prep you for your first purchase. From credit advice, to identifying up and coming neighborhoods, to the latest in smart home features, we have the content you want. We make it easy for you to get started or continue your path to building financial security through real estate.
Post-WWII, term “White Flight” was coined to describe the large-scale migration of Caucasian people to the suburbs in the ‘50s and ‘60s. The fleeing wasn’t limited to white folks only. “Black Flight” is a term applied to the migration of African Americans to the suburbs after the passage of civil rights legislation and the end of segregation.
Millennials are the generation entering adulthood around the turn of the 21st century. Livescience.com describes Millennials as more open-minded and more supportive of gay rights and equal rights for minorities. They are confident, self-expressive, liberal, upbeat and receptive to new ideas and ways of living, according to livescience.com.
Millennials (25 to 29-year-olds) are putting off parenthood and that, in turn, has an effect on the real estate market.
The Centers for Disease Control (okay that’s an odd choice of agency to monitor birth rates) report birth rates for women 20 to 24 dropped 2% between 2012 and 2013. Birth rates for 25- to 29-year-olds have dropped 1% every year since 2008.