Millennials are now the largest generation group in the United States and frequently referred to as the renting generation. Along with their digital advances, Millennials, are also having an impact on the rental market. Having embraced the freedom of renting over buying, Millennials list of must-have are very different from previous generations. Baby Boomers, who use to be the largest before Millennials, have also jumped on the renting trend looking to retire the responsibility of homeownership during their golden years. We can expect that by 2020 twenty percent of Baby Boomers will also be apartment dwellers.
Both Millennials and Baby Boomers are drawn to the conveniences of apartment living. As the first and second largest generational groups shift the trend, they will continue to impact the housing market and the way we live.
Finding an apartment at any age does not have to be a challenge. Contact our apartment finders and let them find you the perfect place to call home!