Younger homebuyers like DC area
Washington DC metropolitan area is among the top 15 best markets in the country for attracting aspiring millennial homebuyers. Millennials are the younger homebuyers between the ages of 25-34.
National Association of Relators recent survey indicated that the younger homebuyers are generally absent from the market in the recent economic recovery. Nevertheless it needs to be pointed out that some markets in West and Mid west as well as DC area are strong and has shown a good growth in that age category.
Nationally younger homebuyers rate has come down from 43 percent in 2005 to 36 percent in the first quarter of 2014, however solid job growth in some metropolitan areas including DC area helped to increase this trend.