Nearly half (46%) of the mortgages Freddie Mac backed in the first quarter of 2018 were for first-time home buyers. That's the highest percentage the financial company has seen since 2012, and a senior executive called the uptick “a [M]illennial-driven rise.” Considering the median age of first-time buyers is 32, according to the National Association of Realtors, it may (finally) be time to put the tired myth that Millennials are still living in their parents' basements to rest. (Bloomberg)
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