Millennials are now major players in the home buying arena, according to the recent Home Buyer and Generational Trends report released by the National Association of Realtors:

1. Millennials accounted for 35% of buyers in 2015. This is up from 32% in 2014, and is the third year in a row Millennials have composed the largest group of recent buyers. 

2. In 2015, the number of Millennials purchasing in an urban or central city area decreased to 17% from 21% in 2014. Suburbia-phobe? Perhaps not.

3. They have help getting their foot in the door. Twenty-three percent of Millennials used a financial gift for (or toward) their down payment. 

4. An online search was the first step for 56% of Millennials, whether they were looking for properties or searching for information about the home buying process. 

5. Almost 90% worked with a Realtor to buy their home. 

Are you a Millennial looking for your next home? I would be happy to help you find a home, so contact me today at 757-287-3400.