RealtyTrac finds millennials move for jobs, boomers move for affordability

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September 19, 2014

After analyzing Census population data between 2007 and 2013 in more than 1,800 counties nationwide, RealtyTrac found the markets that are seeing the biggest shifts in both baby boomer and millennial populations.
 
RealtyTrac then overlaid that data with information on median prices, price appreciation, and rental rates to create a heat map of their migration patterns. They found that millennials tend to migrate to places with robust job opportunities such as Washington, D.C., New Orleans, and San Francisco, while Boomers tend to downsize and move to much affordable places like Wilmington, N.C., Punta Gorda, Fla., and Phoenix, Ariz.
 
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