Millennials in the MarketplacePosted by Breckenridge Associates Real Estate on
Housing markets in Summit County and all over the country are experiencing record sales. Millions of Americans want an upgraded home, a new location to call home or their first home. One of the largest emerging groups is the millennial generation.
According to the National Association of Realtors, 37% of all buyers fall into the millennial category. Millennials are currently the fastest-growing segment of home buyers and have been the largest segment of the buying market since 2014. Born between 1981-1996 (currently 25-40 years old), millennials are the largest adult generation, the most educated, have higher earnings (with incomes 2-4x higher than other age groups) and are set to inherit more wealth than any prior generation. They are also the bulk…
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