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Roanoke Named One of Top Job Markets in Virginia

Roanoke ranks #7 according to ZipRecruiter's recent ranking of the 100 largest job markets in the Southern US. Three other Virginia cities appeared among the top 20: Richmond #4, Winchester #14 and Danville #17. ZipRecruiter analyzed the hiring demand trends and determined what cities have emerged as the leaders in terms of hiring demand in the first quarter of 2015.

According to ZipRecruiter, "Roanoke's location promotes a thriving transportation industry and allows the capability for overnight deliveries to most markets in the southeast, northeast and mid-atlantic. Its economy is also strongly supported by its manufacturing industry and healthcare sector."

Vacation Home Buyers Increase

The share of vacation home buyers increased in 2014 to 21% of all homes purchased nationwide, according to the NAR Investment and Vacation Home Buyers Survey just released.

One-third of vacation home buyers plan to use their property for vacations or as a family retreat; 19 percent plan to convert their vacation home into their primary residence in the future; 13 percent bought for potential price appreciation and 13 percent purchased because of low real estate prices. The typical price in 2014 was $150,000 for vacation buyers. 

The share of vacation buyers who paid all cash fell slightly to 30 percent last year. Click here to read more survey results.

Millenials Top All Home Buyers
Despite the economic and financial challenges young adults have braved since the recession, the millennial generation (ages 34 and younger) represent the largest share of recent home buyers, according to NAR's 2015 Home Buyer and Seller Generational Trends study. Millennial home buyers had a median income of $76,900 and typically bought a 1,720 square foot home costing $189,900.

The survey additionally found that an overwhelming majority of buyers search for homes online (88%) and then purchase their home through a real estate agent (87%), with millennials using agents the most.
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