Blog - Latest News

The Exodus From The Suburbs

Remember the days when getting married, finding a home in the suburbs with a white picket fence, and having 2.5 kids and a dog were the epitome of the American dream? Yeah, me neither.

It’s 2016 and people are staying single longer and trading suburbia for city dwelling.

As the social generation, millennials are constantly looking for ways to interact, whether virtually or face-to-face. Paying attention to their preferences and lifestyle choices will be especially important to developers looking to profit from the largest generation of consumers.

Major cities and metros appeal to the communal side of millennials, allowing them to be within walking distance to social interactions. Urban centers full of individuals with diverse backgrounds as well as countless shops and restaurants are seeing an increase in city dwellers at a rate higher than years past.

This doesn’t necessarily mean the suburbs will become deserted as years go by.  Offering millennials a more city-like feel may prove beneficial in luring individuals back to the burbs. Concepts such as New Urbanism are all about creating urban designs in suburban spaces. This is done by incorporating more mixed housing options and adding public spaces that are pedestrian friendly, like parks for community gatherings.

Counter debates would say, and history has shown, as millennials grow older and expand their families, they will return to the suburbs they left behind in their youth. But, if major cities continue to focus on bettering their public school systems and decreasing crime rates, the very things that cause individuals to move away from city life, we may begin to see a more permanent shift in where families are opting to raise their children.

©2002-2022 AmeriSave Mortgage Corporation® All Rights Reserved.
Communication Consent: By clicking the button, you are providing express consent for AmeriSave to call you (including through automated means; e.g. autodialing, text and pre-recorded messaging) via telephone, mobile device (including SMS and MMS) and/or email, even if your telephone number is currently listed on any internal, corporate, state, federal or national Do-Not-Call (DNC) list. You understand that you are not required to give consent as a condition of purchasing any goods or services.