Millennials are pivoting toward homeownership despite uncertainty around the economy’s “ripple effects.” According to a report from the National Association of Realtors, Millennials make up “the largest share of the homebuying population” at 38% with 30-39-year-olds making up 25% and 22-29-year-olds making up 13%. Eighty-six percent of younger Millennials are first time home buyers, while 52% are older ones. YPulse’s No Place Like Home trend report found that 81% of 21-39-year-olds who are living with parents or are currently renting plan on owning a home in the future. (PYMNTS)
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