TransUnion Sees a Boom in Millennial First-Time Homebuyers

TransUnion sees a boom in first-time homebuyers over the next five years, with three million expected to enter the market next year.
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Don't look for the housing market to peak anytime soon.  According to a new study by TransUnion, an estimated 17 million first-time homebuyers will enter the housing market over the next five years. The study found consumers who are 39 years old or younger represent a growing majority of homebuyers, capturing 60% of the total home buying market at the end of last year. Joe Mellman, vice president at TransUnion, also discussed how trended data -- a more analytical look at consumer credit behavior -- can help in the mortgage underwriting process.