Millennial Homebuyers: Driving Force of the Real Estate Market

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A new study by Clever Real Estate indicates that the Millennial generation is well on its way to becoming the driving force in the housing market. Buyers 37 years and younger make up the largest share of homebuyers at 36 percent, despite the fact that homeownership rates remain highest among those aged 65 and older as the U.S. Census Bureau reveals. Millennials still see owning a home as part of the American dream, and real estate agents should prepare themselves to better serve this new generation of buyers.

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