More millennials entering US real estate market

Boston

A GREATER share of US millennials say they're likely to buy a home this year, adding to evidence that first-time buyers are finally entering the real estate market and fuelling a jump in sales.

A Realtor.com survey of site visitors taken in mid-June showed that about 65 per cent of respondents between ages 25 and 34 said they intend to buy a home within the next three months, up from 54 per cent in January, according to data released on Wednesday at the National Association of Real Estate Editors (Naree) conference in Miami. The share of millennials visiting Realtor.com with the goal of buying a home increased to 23 per cent from 21 per cent at the start of the year.