Millennials and the housing market. Besides inflation and the woes of the condo industry, it seems that millennials have taken over the headlines in real estate news. The big question is WHY do we care about millennials and how they affect real estate? According to Inc.com, millennials currently make up 66% of the first-time home buyers and 34% of overall home buyers. These numbers are significant! It would behoove sellers and professionals in the real estate industry to understand and cater to the trends of the millennials as to not miss out on this vast amount of buying potential.