According to a National Association of REALTORS (NAR) report, Millennials are the largest generational group of homebuyers and have been for the last three years in a row. This suggests that Millennial home buying preferences are likely to have a significant impact on real estate markets across the nation. Moreover, recent data shows that Millennial homebuyers rely on real estate agents at a higher rate than other generational cohorts.
35 percent of homebuyers belong to the Millennial cohort
The Millennial cohort makes up 35 percent of real estate buyers and is the largest generational group in our current markets. Per a recent generational trends report conducted by NAR, 67 percent of Millennial buyers are also first-time homebuyers. The latest…
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