Realtors Say Millennials Are No Longer a ‘Renter Generation’

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September 25, 2015

Almost 65 percent of Millennials aged 21 to 34 looked at real estate websites and apps in August, HousingWire reports.

The data comes from an analysis of data from comScore and current population estimates.

“Additionally, when we focus on 25-34 year olds we find that this group is 70% more likely than the average adult to be currently looking for a home to buy on realtor.com,” Realtor.com Chief Economist Jonathan Smoke says.

“While it is difficult to estimate the effect of millennial buyers in the new home market, one can infer that since prices over the year have trended towards the more affordable, that some of the growth in the new homes market is a result of builders providing more affordable supply.”

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