Millennials now make up 43% of homebuyers, the most of any generation, according to a new report from the National Association of Realtors—and that number is only predicted to rise in 2022.
The NAR's 2022 Home Buyer and Seller Generational Trends report notes that the share of millennial homebuyers in 2021 was up 37% over the prior year's numbers, and adds that the generation is the one most likely to use the internet to find a home they ultimately purchase. They are also most likely to use a real estate agent, with 87% of all millennial buyers using one.
That number was also highest among younger millennials (23 to 31 years old), at 92%, and older millennials (32 to 41 years old), at 88%.
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