The Big Myth About Millennials

LOS ANGELES—The notion that millennials aren’t buying homes is false, says Michael Nourmand in this EXCLUSIVE Q&A, where he explains where and what millennials buying.

Michael Nourmand

LOS ANGELES—The idea that millennials aren’t buying homes is a myth, according to Michael Nourmand, president of boutique real estate firm Nourmand & Associates. He says that millennials are buying single-family properties in Eastside neighborhoods, like Highland Park, Atwater Village and Silver Lake (which is ripe with small-lot developments). As a result, these markets are flourishing with new retail and restaurants. We sat down with Nourmand for an exclusive interview to talk about the millennial home buying market, including where millennials are looking and what they want.

GlobeSt.com: There is a common conception today that millennials are not buying homes. What is your take? Are millennials buying homes?

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Kelsi Maree Borland

Kelsi Maree Borland is a freelance journalist and magazine writer based in Los Angeles, California. For more than 5 years, she has extensively reported on the commercial real estate industry, covering major deals across all commercial asset classes, investment strategy and capital markets trends, market commentary, economic trends and new technologies disrupting and revolutionizing the industry. Her work appears daily on GlobeSt.com and regularly in Real Estate Forum Magazine. As a magazine writer, she covers lifestyle and travel trends. Her work has appeared in Angeleno, Los Angeles Magazine, Travel and Leisure and more.

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