For all the discussion in the industry surrounding Millennials and their apparent lack of presence in today’s 
housing market, a new study found they now account for the greatest market share of recent home purchases. According to the association’s Home Buyer and Seller Generational Trends study for 2014, Millennials—aka “Generation Y” or “Generation Next”—comprised 31 percent of recent purchases, leading all other age groups. Following that were Generation X (defined as those born between 1965 and 1979), which made up 30 percent. Moreover, their aspiration and the long-term investment aspect to owning a home remain solid among young people. Read more.
housing market, a new study found they now account for the greatest market share of recent home purchases. According to the association’s Home Buyer and Seller Generational Trends study for 2014, Millennials—aka “Generation Y” or “Generation Next”—comprised 31 percent of recent purchases, leading all other age groups. Following that were Generation X (defined as those born between 1965 and 1979), which made up 30 percent. Moreover, their aspiration and the long-term investment aspect to owning a home remain solid among young people. Read more.
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