NAR Survey Shows Increase of Millenials Buying in Suburban Areas

A growing share of homebuyers are millennials, and more of them are purchasing single-family homes outside of urban areas, according to the National Association of Realtors' (NAR) Home Buyer and Seller Generational Trends study, which evaluates the generational differences of recent home buyers and sellers.

The survey additionally found that although student loan debt is more prevalent among millennial buyers, they aren’t the generation with the largest student debt balances.