Millennials now make up 43% of Homebuyers
The share of millennial homebuyers increased significantly over the past year, according to the 2022 Home Buyer and Seller Generational Trends report from the National Association of Realtors® (NAR).
The combined share of younger millennial (23 to 31 years old) and older millennial buyers (32 to 41 years old) rose to 43% in 2021, up from 37% the year prior. Almost two out of three younger millennials (65%) found the home they ultimately purchased on the internet, a number that gradually decreases with older generations. (more…)
Why Millennials Buy Homes
“The majority of millennials said they consider owning a home more sensible than renting for both financial and lifestyle reasons — including control of living space, flexibility in future decisions, privacy and security, and living in a nice home.”
If you are looking to buy, I will contact you immediately when a house that meets your needs is available. In this market you need to have somebody looking after your interests.
Andrew Oliver is a Realtor with Harborside Sotheby’s International Realty. Each Office Is Independently Owned and Operated
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