Who’s Powering the Housing Market? Surprise! It’s Millennials

David Treat
Published on June 11, 2017

Who’s Powering the Housing Market? Surprise! It’s Millennials

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Source: NBC News

Millennials are growing up, settling down and looking to buy a house — for the extra room and the investment opportunity.

Millennials were the largest group of home buyers (34 percent) for the fourth consecutive year, according to NAR’s 2017 Home Buyer and Seller Generational Trends study. By comparison, baby boomers were 30 percent of buyers.

“That myth that millennials don’t want to own things is not true,” said Jeremy Wacksman, chief marketing officer at the Zillow Group. “Millennials are not just starting to buy homes; they’re powering the housing market.”

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Who’s Powering the Housing Market? Surprise! It’s Millennials
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