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Millennials fuel 2016's hottest ZIP codes

NEW YORK – Sept. 27, 2016 – According to realtor.com® research, millennials are the key factor in making some housing markets sizzle.
Researchers say a large millennial population makes places like Watuaga, Texas (76148 ZIP code), and Pleasant Hill, Calif. (94523), some of the hottest places to live in the country, since they offer both affordable housing options and strong job markets.
Realtor.com evaluated 32,000 ZIP codes to find out where properties sell fastest and how often home listings are viewed on its site. In the top 20 hottest markets, homes are selling in an average 25 days – 53 days faster than the rest of the country. Users view homes in the “hot” markets nearly four times more often than homes in the rest of the country.
“Homes for sale in this year’s hottest ZIP codes are selling almost as quickly as they hit the market,” says Jonathan Smoke, chief economist for realtor.com. “While millennials are usually a significant presence in most markets, their sheer size and buying power have made them a force to be reckoned with in these hot ZIP codes and given them the power to shift supply and demand dynamics.”
Top 10 U.S. ZIP codes for 2016
76148: Watauga, Texas
94523: Pleasant Hill, Calif.
80233: Northglenn, Colo.
80916: Colorado Springs, Colo.
78247: San Antonio
94954: Petaluma, Calif.
02176: Melrose, Mass.
63126: Crestwood, Mo.
97222: Milwaukie, Ore.
92104: North Park, Calif.
Source: realtor.com®
© Copyright 2016 INFORMATION, INC. Bethesda, MD (301) 215-4688
 


Source: Florida Realtors Feed

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