More millennials are beginning to buy homes, according toa new report on housing trends from Zillow.
The Seattle-based real estate company looked at trends for home buyers and sellers across the country. The survey found that 42 percent of people buying homes are between 18 and 34 years old, the largest share of home buyers.
Zillow senior economist Skylar Olsen said buying a home in the western region, which includes Washington state, can be the most competitive. She said buyers here can learn from the younger generation.
"Millennials, more than older generations, are more likely to use online resources and do their own searching and investigations," Olsen said. "They're showing up to the table ... with their game face on."
She also noted that there is a narrative that younger people wait longer to buy their first homes. But many millennials are heading into their thirties or looking to invest.
The report also found that millennials are not buying traditional starter homes. Instead, their first homes are larger and cost almost as much as "move-up" homes.
"The starter home is becoming more and more like your forever home," Olsen said.
