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Millennials Lead Pack Of Potential Home Buyers

There are many reasons you might be thinking about buying a house, and a lot of them are based on your age. After all, different age groups have different needs and some are more likely to be ready to buy than others. For example, a recent survey found 52 percent of respondents said they're thinking about buying a house. But when broken down into age groups, one generation lead the list of prospective buyers by a significant amount. In fact, among participants, millennials were by far the most likely to say they were looking to buy, with 61 percent responding that a home purchase was in their plans. Next up was Gen X, at 25 percent. From there, it drops off even further, with Gen Z at 12 percent and baby boomers last on the list at 2 percent. The explanation is simple: Millennials are at the age when they're most likely to be starting a family, settling down, and looking to buy their first home.

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