Millennial generation sees a home purchase as a good thing

The Pinellas Realtors Organization reports that those folks who make up the Millennial generation ( 32 years old or younger ) have more confidence about a home purchase than any other age grouping. Over 85% of the Millennial generation see a home purchase as a good financial investment. The study also pointed out that 79% of the Millennial generation are first time homebuyers and 65% of them had previously rented a home. This age group is the second largest group of recent homebuyers accounting for 28% of purchases. The Generation X group ( those born between 1965 and 1979 ) accounted for 31% of recent home purchases.