Looks Like Millennials are Finally Boosting the Housing Market


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by Prashant Gopal and Daniel Taub of Bloomberg

A greater share of U.S. millennials say they’re likely to buy a home this year, adding to evidence that first-time buyers are finally entering the real estate market and fueling a jump in sales.

A Realtor.com survey of site visitors taken in mid-June showed that about 65 percent of respondents between ages 25 and 34 said they intend to buy a home within the next three months, up from 54 percent in January, according to data released Wednesday at the National Association of Real Estate Editors conference in Miami. The share of millennials visiting Realtor.com with the goal of buying a home increased to 23 percent from 21 percent at the start of the year.

Young buyers, traditionally top drivers of housing demand, are helping to bolster the U.S. housing recovery after years of being hampered by student…

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