Report: Millennials make up a growing share of homebuyers

(CNN)– New reports say millennials are driving the house market.

The National Association of Realtors report finds millennials made up 38% of homebuyers in 2023.

That’s up from 28% in the previous year.

The data shows nearly half of older millennials are buying homes worth 300 thousand dollars or more for a home in 2021.

However, younger millennials are proving to be more frugal with about 3 quarters of them purchasing homes for under that 350 thousand dollar price tag.