Candy is in Miami right now, wading through all of the amazing real estate news at the National Association of Real Estate Editors’ annual conference. While we are a little jealous (OK, we are A LOT jealous) of her temporary location and proximity to so many brilliant minds at #NAREE15, we did score this bit of news from Realtor.com’s chief economist, Jonathan Smoke, who was on the “Mortgage Availability for Millennials and Other First-Time Buyers” panel:
“Despite the slow indicators we saw earlier this year, 2015 is on pace to be one of the best years for housing since 2006 due to strong sales and higher than predicted home prices,” said Smoke. “Additionally, we’re observing an uptick in millennial traffic and sentiment that we expect will result in more first-time home buyer sales in the later part of the year.”
This conclusion comes from a survey conducted by Realtor.com, showing a slight increase in Millennials ages 25-34 visiting the website with the goal of buying a home.