Though many new home owners, or would be home owners, are struggling to find a way to pay for their desired homes, the job market and low cost of living in the Charlotte area allows millennials the opportunity to become homeowners. The entire state of North Carolina is attracting many young workers because of this.
North Carolina does not have any major urban areas like New York, Texas, or California, and the cities in North Carolina, like Charlotte, carry a very low cost of living with them. The entire area is very attractive for millennials. North Carolina has many great jobs, plus the schools and universities in the area provide great opportunities as well.
However, millennials tend to stray from the typical suburban lifestyle that has defined their parents and grandparents for decades. So it is expected that millennial’s home-ownership rates will not only rise for single-family homes, but for condos and town homes as well.
Despite student loan and credit debt, that tends to cripple most of this generation, the millennials are still the largest portion of the would-be-buyer market in America, and Charlotte gives them a very feasible opportunity to become buyers.
If you are a new millennial home owner and need help with your first residential move, contact your local Charlotte moving company. All My Sons can help you make your first move be as stress free, and seamless as possible.