Delving into the latest data on millennials, real-estate site Trulia made a surprising discovery: Those ages 28 to 32 aren’t doing any worse than previous groups did at the same age. In a new report, they conclude that there are The 10 Best Cities for Millennials.
“In comparing how young adults fare versus older adults, the gap in success has remained the same over time,” writes Felipe Chacon, a housing economist at Trulia. “This indicates that many myths about millennials are unfounded.”
Looking deeper at home ownership, education, employment, and income stats, Trulia identified the U.S. cities where 20-somethings are actually thriving—and the ones where millennials are struggling the most compared to older generations. The best place to put down roots? Philadelphia. “Millennials who were 28 to 32 during 2015 and living in Philadelphia were 43 percent more likely to have a college degree than their older peers,” writes Chacon. “This may help explain why they earned 78.8 cents for every dollar earned by those 33 to 55, which is a higher amount than in any of the other largest metros.”
None of this surprises us. Does it Omaha? As we said in Best Places to Live in Nebraska
The Omaha NE real estate field may look less valuable at a first glance, since the median home value here is only $135,700 (after a 5.5% rise during the past year and a predicted further rise of 3.0% in the next year as well), but it’s actually the market that all investors are looking to the most. This isn’t just because the sheer population size here is a bit larger, but also because simply put, the market’s temperature is way up. This means that there are a lot of listings (for both sales and rentals), as well as transactions and that more real estate business gets done in Omaha, which makes it the most interesting market to look to for both prospective homeowners and investors. The Zillow Omaha NE report rates the market as very healthy (an 8.2 out of 10 rating).
As investors, we are in business to make a modest profit on any deal. However, we can help homeowners out of just about any situation, no matter what! There are no fees, upfront costs, commissions, or anything else. Just the simple, honest truth about your home and how we can help you sell it fast to resolve any situation.
If you’d like to give us a ring, we would be more than happy to spend some time with you to help you understand the process and to get all of your questions answered. You can reach us at 402 999.0577.