Tag Archives: Real Estate

How Will Millennials Moving, Influence Your Real Estate Market?



Consumers under the age of thirty years with at least bachelors’ degree are often referred as the millennials. They are considered to be the most educated generation. They are better informed about their housing options and are already influencing the real estate markets and trends in the US. Real estate analysts and experts have identified the metro areas with the lowest rates and fastest rates of growth. The analysts used the data from the U.S Census Bureau. In the year 2015, the regions that have seen the strongest economic growth and real estate appreciation were the metros with the fastest rates of educated millennials’ growth and economic growth. Appreciation in the real estate of these regions highlights the real power of then millennials.


Metros with the highest growth rate of the educated millennials


The highest rates of population growth were reported in metro cities of the West, Southwest, and Southeastern regions. With a 7.6% population increase in 2015 from the year prior, Nashville ranked first in the college-educated millennials’ growth. Austin, Orlando, Seattle, and Denver followed closely behind Nashville in terms of educated population’s growth.


Reasons for enhanced growth of the millennials


There are many reasons for increase in the number of educated millennials in various metros of the US. These include well-performing job markets and entrepreneurial opportunities. In addition to this, thriving arts and cultural scenes, and high rank in various quality of life measures are some of the reasons behind the increase in the number of educated millennials over the years.


New York City, San Francisco, and Los Angeles have higher rents than the places which saw an increase in the number of educated millennials. In addition to this, these metros have created a virtuous cycle of job growth for attracting further young talent, by orienting their economies towards technology and professional service-oriented fields. Rise in the number of educated youths in these regions has helped in boosting the sales and rents of various real estate properties such as an apartment, single-family, office, and retail markets.


2015 One-Year Population Change


Cities with declining manufacturing and less prosperous trade hubs, which are located in the rust belt and the Midwest, are considered to be the lowest performing metros in terms of real estate appreciation. As these metros don’t provide the same economic opportunities or quality of life as compared to other metros, these cities have the lowest economic growth and as well as those of the educated youth. The least performing metros don’t offer reasonable incentives for the educated youth to move to these areas as these areas are marked by harsher climate conditions and industrial diversifications.


In 2015 annual growth and five-year growth plans, some of the metros like Kansas city, Cleveland and Chicago were ranked in the bottom ten. Low economic growth suggests that the long-term challenges for these areas are still not addressed.


Atlanta, Phoenix Sacramento, and Las Vegas are ranked in the bottom ten over the past five year period. Due to the improvement in their ability to attract young and college-educated workers, the economic growth of these cities has improved considerably in the year 2015.


Raleigh-Durham: A curious and unexpected outlier


This metro has several top-tier universities, which make it one of the best metros for education in the US. In addition to this, it has a growing biotech sector of the local economy. But, it ranks among the bottom ten on both the lists. It is important for such metros to simply retain their college graduates to enhance the economic growth, rather than pulling the educated millennials from elsewhere and displaying strong growth.


2010-2015 Annual Average Population Change


The report of best and worst performing metros in terms of economic growth and educated millennials may serve as a predictor of economic winners and losers in the decades to come.


It is important to understand that a growing millennial population in these metros will stimulate demand for office and retail space. In addition to this, the demand of single- and multifamily homes will also increase due to increase in the number of educated youths. Increase in the demand of commercial as well as industrial properties serves as an underpinning for the appreciation of the value of real estate.

Park West Capital: Your One-Stop Destination To Fund All Your Real Estate Investment

Bridge Loans

Are you looking forward to developing or acquiring or renting a real estate property? If so, you’ll surely need a couple of suggestions that only an expert, like Park West Consulting Group L. L. C. T. A., Park West Capital, we make sure that your commercial or residential real estate development projects never face cash crunch at any time.


We offer a rich portfolio of financial solutions that include bridge loans and no-income verification loans. Being an alternative real estate finance lender, we find and analyze your financial needs first. Then, based on the analysis, we suggest you a powerful financial solution to make sure that your real estate projects see the light of the day. We’ve applied this approach of need analysis with countless commercial and residential property developers.


We have the expertise and experience to ensure that you get the best real estate advice. This advice lets you enhance and optimize your real estate investment portfolio. One of our financial products, such as short-term loans, that’ll ensure your investments yield the best returns. Now, we’ll let you know all the other different factors that make you want to hire us as your real estate advisor and partner.


Why should you pick Park West Capital?


Count on our experience and expertise

Thanks to our rich experience and deep domain expertise, we’ve been able to make sense of the complex real estate landscape in the US. We put to use our skills so that you make the wisest real estate decisions. This experience and expertise have helped our clients, which include real estate development companies and even individual investors, to grow by leaps and bounds.


Access our rich variety of financial products

Whether they’re bridge loans or foreign national loans, our selection of financial loans will have one thing or the other to make sure your loan-requirement needs are met well. For more info on this topic, you should explore our entire range of products and pick the one that suits you the best.


So here are the top factors that have driven countless real estate project developers and investors to get associated with us. Give us a call on 800-969-4901 or email us at info@parkwestcapital.com.


This update is provided to you by Park West Capital. With over a decade experience specializing in real estate financing and commercial lending opportunities. We have assisted numerous clients with growing their real estate portfolios and providing the funding resources. We firmly believe in accountability, excellence, integrity, entrepreneurship, and teamwork. Contact us at 800-969-4901 to learn more about how we can professionally assist you with your investing needs or fill out our hard money loan application and we’ll get in touch with you.