It’s now official – according to population estimates from the Census Bureau that Pew Research has compiled, Millennials are now the largest generation in the U.S.
Millennials now number 75.4 million, overtaking the Baby Boomer generation’s 74.9 million; Millennials are aged 19 to 35, while Boomers are aged 52 to 70.
Thanks to immigration, Pew is predicting the Millennial population to peak at 81.1 million in 2036. Here is a line graph showing how America’s generations will trend over the next 35 years:
Millennials and Housing Opportunities
Of course, numbers like that pose considerable opportunity for real estate agents, and Millennials have indicated they are very interested in owning a home.
Although certain barriers exist – economic concerns are persistent – Millennials remain optimistic on the housing market, and our past coverage has shown that they are particularly interested in urban areas and suburban areas with walkable amenities.