Millennials & Surban Living
Statistics show half of all home buyers in the US are under 36 years old and approaching their prime spending years. As rents increase and mortgage rates stay favorable, home ownership will be on the rise.
The aspiration for a single family home in the suburbs is still prime for this market. Their trendy, urban lifestyles and the suburban opportunity has coined the term "Surban".
Surban... what does that mean?
That means -
- An urban, social community; coffee shops, artisan goods, transportation ease, entertainment access, and energy.
- Suburban appeal; affordability, low crime, good education, and space.