Coming Wave of Millennial Buyers to Tighten Starter Homes Inventory

According to new research by Zillow, nearly 45 million people in the U.S. will reach the typical age for first-time home buyers in the next 10 years - 3.1 million more than the past decade creating more demand in an already challenging market for those looking to get into their first home. The typical first-time homebuyer in the U.S. is 34 years old. There are 44.9 million Americans aged 24-33, or potential future first-time home buyers, compared with 41.8 million people aged 35-44, or potential past first-time home buyers, a 7.4% increase.

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