Signs Suggest Millennials Are Entering the Housing Market

February 2, 2015

New signs are emerging that conditions may finally be right for Millennials to shop for and buy homes, the Los Angeles Times reports.

This includes data from Redfin that show first-time buyers accounted for 57 percent of home tours conducted by its agents mid-month, and that home-purchase education class requests jumped 27 percent in January over a year earlier. Another sign comes from The Campbell/Inside Mortgage Finance HousingPulse Tracking Survey, which reported that first-time buyer activity has started to increase much earlier than is typical seasonally, accounting for 36.3 percent of home purchases in December.

Read more