Millennials becoming a growing influence on housing market

By 2050, America’s population will increase by 48 percent, according to New Mexico Apartment Advisors CEO Todd Clarke. That’s good news for Realtors everywhere, he said, and it’s thanks to one growing generation: millennials. Clarke spoke about housing for millennials at Thursday’s NAIOP Rio Rancho Roundtable meeting, held at the Presbyterian Rust Medical Center. Clarke’s presentation was the second in a three-part series that focuses on “housing the generations.”

Currently ages 18 to 35, the millennial generation is like no generation before it, Clarke said. Millennials, he said, are independent, don’t care about long careers, want work flexibility and the ability to express themselves while on the job.

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