9 real estate trends to expect in 2017

  • Millennials will flock to Midwestern cities

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    While many young people have traditionally headed for the coasts after college, an increasing number of millennials are choosing to settle down and buy homes in the Midwest, Smoke said.

    In particular, Realtor.com predicts millennials will settle in Madison, Wisconsin; Columbus, Ohio; Omaha, Nebraska; Des Moines, Iowa; and Minneapolis, Minnesota, Smoke said.

    "I don't think it's so much about millennials moving to those cities. It's more about millennials deciding to stay and deciding that this is where they want to buy a home," Smoke said.

    These markets are close to large universities, offer well-paying jobs and are generally more affordable for young homebuyers, he said.

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    Ilyce R. Glink is an award-winning, nationally-syndicated columnist, best-selling book author and founder of Best Money Moves, an employee benefit program that helps reduce financial stress. She also owns ThinkGlink.com, where readers can find real estate and personal finance resources.