Millennials. Generation Y. The Boomerang Generation.
Nicknames abound for the generation of Americans who reached young adulthood around the year 2000. While the “Boomerang Generation” refers to a common belief that many of these young adults have moved back in with Mom and Dad due to the lingering recession and high student-loan debt, data from the National Association of Realtors shows that millennials actually comprise the second-biggest segment of the home buying market– right behind their Generation X parents (those born between 1965 and 1980).
They are also one of the most mobile generations: An Urban Land Institute study finds that 63 percent of millennials say they are likely to move within the next five years, with most hoping to purchase a single-family home.
Made for millennials
Those millennials who do decide to purchase a home in the near future may want to consider a master-planned community, many of which offer new homes that feature the characteristics a recent ABC News survey of realtors found are in high demand among millennial home buyers, including:
Close to everything
Lakeside at Town Center homes are located right in the heart of the burgeoning Nocatee Town Center, home to shops, restaurants and numerous services.
In terms of neighborhood, the Urban Land Institute noted that millennials prefer a home located in close proximity to shops, restaurants and businesses. They also show a greater preference than other age groups for being close to parks and recreational opportunities – features that are often incorporated into a master-planned community’s earliest planning stages.
The Nocatee Greenway consists of more than 5,000 acres of connecting parks, protected wildlife corridors & wetlands.
Visit the Nocatee Welcome Center or call 1-800-NOCATEE to learn more about homes that appeal to millennial home buyers.