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Incoming Wave of Millennial Homebuyers Is a Major Opportunity. – Taylor Morrison Home CEO Sheryl Palmer sees a major opportunity for the U.S. housing market over the next decade as more millennials hit prime homebuying age. Nearly 45 million Americans will reach the general age of first-time homebuyers in the next 10 years, 3.1 million more than in the 10 years prior, according to a recent analysis by Zillow.
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The group's homeownership has risen alongside gains in income and education and a growing familiarity with the U.S. mortgage market. The Latino community also has a large millennial population entering the age of homeownership.. it weren't for a tidal wave of Latino home buyers,” said Gary Acosta,