Markets & Economy

Breaking down the Washington DC real estate market

Large population of millenials to determine fate of single-family market

The health of the single-family housing market and the volume of home sales in the coming years will largely be affected by the purchasing decisions of millennials. This is no more true than in Washington, D.C. where 31.4 percent of its population, 194,295 people, are between the ages of 20 and 34. [graphiq id="fGGnUh2ruJv" title="Local Information for Washington D.C." width="800" height="1000" url="https://w.graphiq.com/w/fGGnUh2ruJv" link="http://places.findthehome.com/l/294012/Washington-D-C" link_text="Local Information for Washington D.C. | FindTheHome"] "Washington D.C. has a disproportionately large young professionals (25-34) population," according to Graphiq. A number of these young professionals appear to be educated and make a solid income, which would seem to make them solid candidates for future home purchases. Roughly 51.7 percent of all D.C. residents have either a bachelor's degree or a graduates degree, with nearly 45 percent of its population earnin...