More young home buyers are turning to relatively affordable cities that have jobs. Houston is one of those markets that fit this description, which bodes well for the metro’s housing market in 2016. According to a ranking from Realtor.com, Houston will be the eighth hottest market for millennial (age 25 to 34) buyers next year.
- Millennials will count for more than 15 percent of Houston's population next year.
- Houston submarkets east and southeast of downtown should attract more millennial buyers.
- Home prices are predicted to remain flat in Houston spanning the next nine months.