Millennials get with the program, housing-wise

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MILLENNIALS BECOME HOMEOWNERS: Here’s something of a milestone. For the first time, millennial (those born between 1981 and 1996) homeowners outnumber millennial renters. Currently, 52% of millennials own a home. The average age of a first-time millennial homebuyer is 34, compared to 33 for baby boomers and 32 for Gen X. I take all this a solid (though not exactly dramatic) long-term positive for the U.S, housing market.