Millennials want houses in the suburbs after all, new studies find – LA Times

Most millennials want to live in the suburbs, have already started buying outside urban areas, and base their homebuying decisions mainly on affordability, two new studies say. …A pair of studies released this week suggest that the majority of millennials — the oldest of whom are about 35 — want to live in the suburbs, have already started buying outside urban areas, and base their home-buying decisions mainly on affordability.

Reports by Zillow and Harvard University break with stereotypes of America’s largest generation, namely that they prefer to rent because they favor experiences over building equity and want to live in urban environments.

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