Research shows that millennials have now reached an age where homeownership activity typically increases, and the increased activity is expected to strengthen the housing market. According to the National Association of Realtors annual survey of recent homebuyers, millennials make up 78% of all first-time homebuyers. Lawrence Yun, the NAR’s chief economist said, “given that millennials are the largest generation in history after the baby boomers, it means there is a potential for strong underlying demand.” More here
