For the second year in a role, the millennial generation, those 34 years and younger, was the largest group of recent homebuyers. They accounted for 32 percent of recent home purchases, according to a recent NAR survey.
Over 80 percent of millennial and Gen X buyers consider their home purchase a good financial investment, and the desire to own a home of their own was the reason given by millennials for their purchase. The survey showed that an overwhelming majority of home buyers used a real estate agent and millennials relied on their agent the most!