R.D. Musser, III - President, Grand Hotel Mackinac Island - February 12, 2014
Grand Rapids is one of the top 10 markets in the nation for buying a home if you’re a millennial.
The Grand Rapids market is ranked as one of the best "purchase markets" in the U.S. for "aspiring millennial homebuyers" to become homeowners, according to a study released last month by the National Association of Realtors, or NAR. The study only considered "leading-edge millenialls" between the ages 25-34.
The association, which is considered the largest trade association in the U.S., analyzed the job creation, population trends and housing conditions in 100 metro areas that have a noted millennial presence.
Since the housing market crashed at the beginning of the Great Recession, first-time homebuyers have been "largely absent from the housing market."
Now, that trend is changing, and Grand Rapids is one of the markets leading the way for housing independence for a generation that has found itself moving back in with their parents.