Quick Real Estate Thoughts

There have been lots of trends (mostly good) in real estate this year.

  • Existing home sales have been mostly UP and exceeding expectations
  • New home sales are near a 12-year high
  • Interestingly, a statistic that can be seen as mostly positive (for certain suburbs) but partly negative (for certain major cities) is that the Millennials who are between the ages of 25 and 39 have shown interest in moving OUT of several major cities.
river in between buildings
According to a recent piece of news, the list of cities losing Millennials and those specifically between ages 35 and 39 include first-tier locations like Chicago.

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