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nnnnn the housing market rolling back in may sales of previously owned homes jumping the highs not seen since november two thousand nine roughly one third of the purchases being made by first time home buyers which means twenty to thirty year olds a. k. the millennials are getting off their parents couch , so says reuters reporter bobby rebel this is important because many people had this generation pegged as a generation of renters especially in urban areas now looks like they're gonna be a lot like their parents and thirdly buyers often in the suburbs and that means a lot of habits just like their parents are gonna be filling these homes with furniture with appliances and it's good news for the economy the housing market still has a ways to go to recover ground lost during the financial crisis , the number of homes up for sale remain historically low while average prices and almost two hundred and twenty nine thousand are nearing historical highs but experts predict rising prices will convince long waiting homeowners to finally sell while the improving jobs market convinces the millennials it's safe to strike out on their own