Millennials are, without a doubt, the next big thing to happen to the housing market. Though they make up only 14% of the U.S. population, millennials account for nearly a third of the potential homebuyers out there. For Charlotte, their impact is magnified.
National news sources and real estate organizations alike are calling Charlotte one of the hottest real estate markets in the country for millennials. That’s good news for sellers, who’re happy to have additional buyers in the pool, and for developers – if they’d ever start building more homes in Charlotte for entry-level buyers.
What, exactly, is a millennial home buyer in Charlotte looking for in what will likely be their first house?