Although debt-ridden millennials had been averse to home buying, conditions for the generation are changing — as is their appetite for home ownership.

The spring homebuying season is expected to be one of the busiest in recent years, with nearly 3 million first-time homebuyers expected to enter the housing market this year.

A majority of new homebuyers are likely to be younger consumers experiencing improved employment prospects and driving increased household formation.

Source: Mortgage Daily