Millenials Boost Number of First-Time Homebuyers

Kathy Lynn of examines how young homebuyers are impacting the housing market:

“more than 75 million members of the millennial generation — the most populous in U.S. history —start families and find brighter job prospects than in the years following the recession. East Brunswick appraiser Jeffrey Otteau, who tracks the housing market statewide, has estimated that 325,000 millennial buyers — those born starting in the early 1980s — will enter New Jersey’s housing market over the next decade.”

Ms. Lynn speaks to young couples who have recently decided to become homebuyers in some of northern New Jersey most popular suburbs.

Read the full story here.