First-Time Home Buyers Boost Housing in 2021

A massive wave of Millennials will be turning 30 in the next few years. This will have significant implications on housing. (Realtor)

The wave started in 2020, with 4.7 million millennials turning 30, an age when many people consider buying a home. This wave continues in 2021, with another 4.8 million members of the Gen Y generation turning 30. The generational progression will peak in 2022, 2023, and 2024 when 4.8 million people will turn 30, each year.