True millennial home buying boom just starting

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Purchase activity among millennials is again starting to gain steam, according to the latest data from Ellie Mae’s Millennial Tracker report. The increased June share helped millennials account for more closed purchase loans than any other generation in the second quarter. “Millennials are emerging as a dominant force relative to driving the purchase market forward in the next few years,” said Joe Tyrrell, chief operating officer at Ellie Mae.

Please read the complete Scotsman Guide article here.