Millennials haven’t always been framed in the best light. But it turns out that despite popular opinion, millennials aren’t blowing their paychecks on avocado toast—they’re using them to purchase real estate.
According to the 2019 Home Buyers and Sellers Generational Trends Report from the National Association of Realtors®, millennials made up 37 percent of home buyers in the US—more than ⅓ of total home buyers and the highest percentage of any generation. And even more impressive? Eleven percent of those home buyers are what’s considered &”younger millennials”—people between the ages of 21 and 28.
What does that mean for you? If you’re a millennial who’s been thinking about purchasing a home, now is a great time to join your home buying peers and buy a home of your own (it’s a much better investment than the avocado toast).