Why Puget Sound millennials finally ready to buy

Real Estate

It’s no surprise to anyone that the Puget Sound housing market is competitive. What may come as something as a shock, though, is that millennials are quickly becoming the predominant home buyers in the region.

“Are millennials wanting to buy? Yeah, they are — in fact, 69 percent of millennials believe that buying a home will be the most astute financial investment they will ever make,” Windermere Chief Economist Matthew Gardner told KIRO Radio’s Dave Ross.

According to Gardner, millennials accounted for 45 percent of home transactions across King, Snohomish, and Pierce County in May. The reason behind that trend is simple: Millennials are growing up.

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