"Renting is the new buying." That became a kind of mantra after the housing crisis. Many Americans stopped believing that owning a home was a way to build wealth. As late as 2013, one report found, homeowners could see themselves becoming renters. And there were far fewer first-time homebuyers.
That's still the case today; last year, only 32 percent of all homebuyers were first-timers. But there are signs that young people are warming once again to the idea of owning their own home.
In fact, more than one-third of all homebuyers these days are 35 and younger. More than Gen X'ers, more than baby boomers, it's millennials who are taking the leap, according to a study this month by the National Association of Realtors."