For a fifth consecutive year, millennials led home
purchase activity, comprising 36 percent of the buyers in 2017. The
oldest millennials are now 37, and as this generation ages and starts
families, a wave of potential new buyers are moving into the market.
Approximately two-thirds of first-time buyers in 2017 were millennials,
but housing affordability remains a concern in 2018 as home listings
under $200,000 continue to shrink. Homes in this price tranche have
fallen 59* percent since May 2012... ...more RSK: You know the rest of the story. Where people live and concentrate, retail and other services follow.
Ken Notes: I would add that many millennials are looking for non traditional homes, more amenities, less maintenance, smaller, affordable, turnkey, in great neighborhoods...
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