PennyGem’s Elizabeth Keatinge tells us where millennials are buying up homes.
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00:00Location is everything when it comes to where you live, right?
00:07Well, if you're trying to avoid some millennials knocking on the door asking to borrow an avocado,
00:12you may want to strike these places off your list of potential neighborhoods.
00:16According to analysis of National Association of Realtors data, real estate website Sunday
00:20found that many millennials are moving to Salt Lake City.
00:24It's environmentally friendly and offers plenty of outdoor activities.
00:28Denver came in fourth with its proximity to skiing and snowboarding and strong public
00:32transportation system.
00:34San Jose, California is also a millennial destination, conveniently located near Google
00:39and Apple.
00:40Buffalo, New York's low median home prices have millennials heading to this city, just
00:44a six and a half hour drive to New York City.
00:47If they can stand the cold winters, Minneapolis may be where millennials migrate.
00:51It's first on Sunday's list with a low unemployment rate at 3% and the rise of biomedical, professional
00:57and technology sectors.
00:59Oh, but hey, even if you avoid these cities, you could still end up next door to a millennial.
01:04According to a Magnify Money study in Miami, Los Angeles and New York, more than one in
01:08four residents ages 25 to 40 live with their parents.