June 25, 2015
Millennials have become more positive when it comes to taking the plunge into home ownership and are primed to gain market share in the second half of the year, according to the results of realtor.com’s consumer behavior survey of more than 12,000 respondents conducted from Jan. 1, 2015 to June 15, 2015.
Jonathan Smoke, chief economist for realtor.com, revealed an in-depth analysis of these survey findings during a panel discussion at the National Association of Real Estate Editors conference in Miami.
“Despite the slow indicators we saw earlier this year, 2015 is on pace to be one of the best years for housing since 2006 due to strong sales and higher than predicted home prices,” said Smoke. “Additionally, we’re observing an uptick in millennial traffic and sentiment that we expect will result in more first-time home buyer sales in the later part of the year.”
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When you look at the numbers the Millennials are larger than the boomers. Add in the trailing Gen xers and the number is 10s of millions more. So latest surveys show that group wanting to own in the same percentage as boomers. It is no wonder the top millennial market is also hottest in the nation...Denver. And many in the top 20 are millennial friendly.
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