Older millennials between the ages of 25 and 34 years old have become more positive regarding homeownership and are expected to gain market share during the second half of 2015. “Historically, they’re the largest demographic of homebuyers and can have a dramatic impact on housing,” said Jonathan Smoke, chief economist for realtor.com. “We’re observing an uptick in millennial traffic and sentiment that we expect will result in more first-time homebuyer sales in the later part of the year.” According to a survey conducted by realtor.com, in mid-June, 65 percent of 25- to 34-year-olds who responded indicated they intend to buy a home within three months. This percentage is up from 54 percent in January.

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Greg Chadwell

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