Dec 1, 2015
Millenials in Texas consider real estate ‘cool’
TEXAS - When it comes to the housing market, increasingly it is all about the millennial. Millennial buyers currently account for almost 30 percent of nationwide home sales, according to the...
TEXAS – When it comes to the housing market, increasingly it is all about the millennial. 
Millennial buyers currently account for almost 30 percent of nationwide home sales, according to the latest surveys by the National Association of Realtors.
“Millennials are 60 percent of first-time home shoppers,” said Jonathan Smoke, the top economist for Realtor.com.
“They outnumber every generation — including the baby boomers,” he said. “By the end of the year, almost 2 million home sales will be to millennials.”
Millennial buyers will have an even greater impact in Texas, where large numbers of young workers are moving to take thousands of new jobs, Realtor research shows.
The state already has a slightly higher percentage of first-time buyers than the rest of the country.
“They are very into real estate,” Smoke said. “Real estate is cool again — especially for young people.”
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