First time home buyers are predicted to make up more than half of home buyers next year, up to 52 percent. A surge from the 33 percent of the market in 2016 according to REALTOR.com. Millennials are expected to unleash their buying power in 2017 and are predicted to make up 61 percent of the first-time buyers under the age of 35 next year. These first time buyers are expected to make competition even fiercer next year for affordable starter homes in the suburbs.
