Millennial Generation Likely to View Home Purchases Positively

Posted To: MND NewsWire

Generation X Americans, those born between 1965 and 1979, formed the largest single group of homebuyers in a recent survey conducted by the National Association of Realtors® (NAR). The generation immediately behind them, however, the so-called Millenials are already in purchase mode and promising to have significant impact on the market. NAR’s survey of homebuyers found that Gen Xers bought 31 percent of homes during the subject period – June 2011 to June 2012 – followed closely by Millenials, those born between 1980 and 2000 who bought 28 percent. This is good news as that the younger group is the second largest generation in history after the Baby Boomers, and only the oldest of them are reaching the age in which people typically buy a first home. Thus they could be poised to provide…(read more)

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