Millennial Homebuyers Reshape The Real Estate Market

 Millennial Homebuyers Reshape The Real Estate Market

Millennials finally seem to have cut down their avocado toast intake enough to become a major part of the real estate landscape.

According to the American Community and American Housing surveys, there are 66 million millennials in the U.S., and they now represent 37 percent of the total national homebuying market.

Millennials approach homebuying differently than older generations. It’s not just an obsession with Zillow browsing, but also different preferences for what they want in a home and more comfort in relying more heavily on digital processes from walkthroughs to closings, so the landscape is shifting to accommodate their needs and desires.

Key millennial homebuying statistics

  • Millennials are the fastest-growing segment of homebuyers, accounting for 37 percent of the overall U.S. housing market.
  • Millennials make up an even bigger share of first-time homebuyers. In all, 82 percent of younger millennial buyers (ages 22-30) and…

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