For the longest time, many experts doubted whether Millennials (ages 18-36) valued homeownership as part of their American Dream.
Looking at the latest statistics from the National Association of Realtor’s we can see that ‘Old Millennials’ (ages 25-36) are dominating the first-time homebuyer category.
2% of first-time homebuyers do not fit into the categories above and represent an ‘Other’ category. The median age of this group is 48 years old.
- ‘Millennials’ are difined as 18-36 year olds according to the US Census Bureau.
- According to NAR’s latest Profile of Home Buyers & Sellers, the median age of all first-time home buyers is 31 years old.
- More and more ‘Old Millennials’ (25-36 year olds) are realizing that homeownership is within their reach now!
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