Recently, there has been plenty of debate on millennials and their real estate habits, which mostly tend to lean towards renting in urban areas. According to a new study by Builder magazine, Birmingham ranks as #2 in the nation for home buyers in the 18-34 age range. The magazine states that the growth for 2012-2013 for new buyers moving to Birmingham and the surrounding metro grew 23.9 percent, putting Birmingham just behind Honolulu.
Millennials are already a major contributor to the Birmingham economy and their presence is becoming more prized as Baby Boomer workers retire. Many of the technology start-ups, the advanced manufacturing and the emerging industries that recruiters prize are targeting millennials for their workforce. In recent years, it seems Birmingham has tried to become a southern metro city with plenty to offer young professionals, competing with the likes of Atlanta and Baton Rouge.
millennials are coming to Birmingham and finding a revitalized downtown, great venues for dining and entertainment and groups like Young Professionals of Birmingham that are creating an attractive energy. It is only natural that they are looking to put down roots and buy homes in the area as well.