Millennials now make up 43% of Homebuyers

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The share of millennial homebuyers increased significantly over the past year, according to the 2022 Home Buyer and Seller Generational Trends report from the National Association of Realtors® (NAR).

The combined share of younger millennial (23 to 31 years old) and older millennial buyers (32 to 41 years old) rose to 43% in 2021, up from 37% the year prior. Almost two out of three younger millennials (65%) found the home they ultimately purchased on the internet, a number that gradually decreases with older generations. (more…)