At face value that does not sound like a great outlook for the Millennial real estate market. But taking a closer look reveals the true narrative that is playing out.
Take a look at the drop in home based Millennials once they reach 25. Look at the bachelor degree holding Millennials - also very low. Your market is Millennials over 25 with bachelors degrees and it's slightly more likely you'll be working with a woman.
Educated Millennials with money. This is also the market that uses the internet in the most savy ways. Tablets and smart phones are not that cheap yet. And we all used the internet in college and learned the fine points of how to research and navigate.
Millennials with bachelors and masters will be moving out of parents homes and apartments for the first time over the next 10 years.
I think the tricky one is that 18-25 bracket. Lots of them are living at home. I bet most of them are going to college and staying at home to save money for big important purchases down the road.
The competition is tough but you need to set yourself up now for when these hidden Millennials that are staying at home to get more education finally leave the nest.
Insight - Michael Glascock from Lyon at Sierra Oaks pointed out that as Millennials move out, their parents will be looking to downsize. Two-for?