REALTORS® Confidence Survey provides insights into real estate market
The demand for rental units appears to remain strong, judging by rental price trends. Approximately half of REALTORS® responding in the REALTORS® Confidence Index Survey reported higher residential rents compared to 12 months ago. This is certainly true with Flagstaff homes and condos.
There have been reports that Millennials (the generation born approximately 1978/9 and subsequently) may be unable or unwilling to participate in homeownership to the same degree as previous generations–based on tough job markets and higher levels of student debt. This conclusion is not substantiated by a recent survey. Millennials may be forming households at a later ages due to the economy, but there are more of them than the generation ahead, so they push demand higher.
To buy or sell any Flagstaff home, please contact us: Flagstaff Elite Team at RE/MAX Peak Properties.