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New Survey Shows What Millennial Homebuyers Are Seeking

Walking-FeetYoung buyers are returning to the market once again, boosted by the stable economy and growing job market. What is it they are looking for?

Survey says: walkable communities.

Younger buyers are no different from most potential homebuyers in that they are not only looking for the perfect home, they also want the perfect neighborhood. According to the National Association of Realtors’ 2015 National Community and Transportation Preference Survey, when Americans think of their dream neighborhood they often think of a mixed-used, walkable community.

While there is no such thing as a one-size-fits-all neighborhood, more and more Americans, especially younger ones, are being drawn to mixed-use communities with a combination of homes and businesses and walkable areas.

Walkability is defined as a measure of how friendly an area is to walking. Are there shops and restaurants within walking distance? Are there plenty of sidewalks, and are they well maintained? These are all factors taken into account when determining an area’s walkability.

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