Millennial Homebuyers

Millennial Homebuyers are missing from the market, but Austin and Dallas may be better values first-time homebuyers in this generation over San Antonio and Houston.

Where are all the first-time homebuyers? In their cozy rentals, that’s where!

With a market almost completely devoid of newby buyers, and the rental market being as competitive as it is (just ask my friend looking for a single-family home in East Dallas!), and prices going up across all segments, it’s just hard to find a place to put your leather couch and Le Creuset stock pot. Millennials hold a lot of potential when it comes to real estate purchases, but where can the find the best value? Is it San Antonio and Houston?


Best Neighborhoods for Millenials Niche Graphic

Being a Millennial, I think there’s a lot of truth in this listicle from, offering insight in the top 25 cities where adults ages 25 – 34 want to live. Some of it is kind of cliche, including New York (Brooklyn, natch) scoring a place at No. 1 , but other spots are accurate and insightful.

Austin nabs the No. 2 spot and Dallas/Fort Worth comes in No. 8, with Houston trailing far behind at No. 21. Austin and Dallas are in good company among the top 10 cities for Millennials, with “world-class” cities such as Washington, D.C. (No. 3), Chicago (No. 4), San Francisco (No. 5), Boston (No. 6), Denver (No. 7), Minneapolis – St. Paul (No. 9), and San Diego (No. 10).

So, why did our little Texas towns make the list? According to the story by Forbes: