It's seems the millennials are averaging below 200k with their income and debt levels. 

Some other reasons I've read include:- Shift of attitude against home ownership, but still desiring SF lifestyle- Millennials are seeking to rent rather than buy.

I am a millennial and own some rentals and tend to remain fairly bullish on the housing market for now, but I am not sure I am as bullish as this author.He’s predicting since most millennials are now turning 30, and becoming first time home buyers the market is going to continue to surge until 2025 or so.

Lakeville, Apple Valley, and Eagan are better and also more expensive for the same types of units.If you prefer a more urban hipster cycling brewpub millennial nightlife lifestyle, I would highly recommend many areas in south Minneapolis.  

Approximately 25.5% of the Charleston metro area population are millennials, according to Trulia.

A lot of these millennials will wake up in a few years and start scrambling to find places to buy......IMHO...

I've been listening to the podcasts, reading Rich Dad Poor Dad and other various real estate books, and I have found fresh determination to get in control of my life instead of letting life control me.However, I want to throw out there that I'm a typical middle class millennial who fell in the "go to college and get degrees that won't make you a lot of money" trap.

The amenity allows residents to list their units short-term, it's very popular amongst millennials and those who grew up around Airbnb. 

****************************Property Investors Follow Millennials to the Hot Mountain States Wall Street Journal By  Konrad Putzier  Nov. 26, 2019 7:00 am ETForget Brooklyn and San Francisco.

@Joe Splitrock valid concern that can only be answered by look at what is happening with millennials and how they are now getting married and buying in suburbs again (granted at older age than earlier generations).