Are Millennials Itching to Leave Downtown?

(RECAP: A recent USC housing expert’s study reveals that Millennials have begun moving out of downtown area and into more single-family homes as the market loosens and the economy improves. Millennials in cities nationwide have flocked to fill downtown apartments over the past decade, but the study predicts that the real estate market should brace for a major migration out of core urban areas. Last year marked a major turning point as the country’s urban centers reached “peak” millennial saturation. The study, published in the journal Housing Policy Debate, examined population data in the American Community Survey, the Current Population Survey; building permit data from the U.S. Census Bureau; and employment data from the Bureau of Labor Statistics, as well as surveys by the National Association of Realtors.)