Millennials Are the Most Active Home Buyers

For fifth year running, millennials maintain status as most active homebuyers https://t.co/G8uAIICy6l via @CurbedAtlanta @ThatSeanKeenan @NAR_Research

— NAR Media Relations (@NARMedia) April 11, 2018

Millennials have been the American housing market’s most active buying group now for five years running.

According to new data from the National Association of Realtors, millennials accounted for 36 percent of all home purchases nationwide in 2017. The year prior they claimed 24 percent.

Sixty-five percent of 2017’s buyers were first-timers, and, regrettably, they’re weighed down by more student debt than last year’s sample, the study shows.

And although household incomes jumped to more than $88,000—from 2016’s $82,000—“the typical millennial surveyed purchased a 1,800-square-foot home at a higher cost—$220,000, compared to $205,000 a year ago,” according to Atlanta Agent Magazine.