Millennial Update

By the end of 2015, millennial buyers (under the age of 35) will become the largest group of buyers, overtaking Gen X (35-50 years old).

Roughly 42 percent of millennials say they want to buy a home in the next one to five years, compared to just 31 percent of Generation X, and by the end of 2015, millennials will become the largest home-buying age group.

The lack of home-buying activity from millennials thus far is decidedly not because this generation isn’t interested in homeownership, but instead because younger Americans have been delaying getting married and having children, two key drivers in the decision to buy that first home.   As this generation matures, they will be a homebuying force to be reckoned with.  Stan Humphries, Zillow Chief Economist

Share this:
Mark Danforth Lomas

Recent Posts

Weekend Open Houses May 2nd & May 3rd, 2026

Explore this weekend’s featured open houses across the South Coast. From coastal retreats to hillside…

5 days ago

Santa Barbara’s State Street

Santa Barbara’s State Street Blues. It’s the first time in history a city has spent $150…

6 days ago

Private Listings vs. Pocket Listings

There's been a massive shift in the industry. As of early 2026, Compass has become a true…

1 week ago

Santa Barbara Real Estate Trends April 2026

Spring has officially arrived in South Santa Barbara County, and the March data suggests a…

2 weeks ago

How to Find a House or Spouse Online: 2026 Refresh

NOT FOR THE COMEDICALLY CHALLENGED (Substitute whatever gender makes this work for you, or not) BTW…

1 month ago

Navigating This Market

As of late March 2026, the South Santa Barbara real estate market—stretching from the Carpinteria…

1 month ago