Trending Towards Suburban "Main Street Living" and "Transit-Oriented Development"
"Millennials have traditionally been painted as a generation obsessed with urban living, but just like their parents and grandparents, they wants homes and good schools for their kids. While this demographic has put off having kids longer than previous generations, studies suggest a larger number will soon become parents, and quickly fuel a suburban boom, especially in areas surrounding markets such as Hartford, Milwaukee and Pittsburgh, which have seen post-recession job growth in the core. One ULI survey shows that six out of ten Gen-Y respondents expect to live in a detached single-family home five years from now. Of course, this doesn't mean they'll be living in the suburbs of yesterday. Suburbs (and developers) that replicate more Main Street living, including transit-oriented development and offer transportation options connected to big urban centers will see continued growth." -- "The Top 10 Emerging Trends Shaping Real Estate in 2016," Patrick Sisson, Curbed
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