Millennials are the new home buyers. That's undisputed. That means if you have a real estate economy geared toward those buyers, you'll have a market that'll skyrocket and fuel an entire economy for years. So here's the question: JUST HOW MANY MILLENNIALS ARE THERE?
A recent study was done on the demographic showing that Grand Rapids' population makes up quite the percentage of millennials compared to the rest of the nation. 24.8%. And you know what's shocking? Out of the entire nation, that's the 17th HIGHEST percentage of millennials in the market who will be looking for homes.
That's some big writing on the wall for real estate in Grand Rapids, MI.
We’re not simply talking about a trickle type growth in the Grand Rapids, MI, real estate market. Try national — at least that’s what Trulia states, a national real estate research firm, crunching the numbers in preparation for analysis of the 2016 housing market, and here’s the major scoop: …