Millennials Are on the Move as First-Time Homebuyers
Posted by Melanie Heath on Wednesday, May 6, 2020 at 1:15 PM By Melanie Heath / May 6, 2020 Comment
- According to NAR’s latest Profile of Home Buyers & Sellers, the median age of all first-time homebuyers is 32.
- With more millennials entering a homebuying phase of life, they are driving a large portion of the buyer appetite in the market, keeping buyer activity strong.
- More and more “old millennials” (ages 25-36) are realizing that homeownership is now within their grasp, and they’re actively dominating the first-time homebuyer market!