I'll say no real surprises here, on this analysis put together by SunTrust Mortgage of why millennials are buying homes....

1. A desire for more living space tops the list, and is understandable -- as many millennials may be moving out of apartments or other smaller living spaces -- or may be sharing a home with a roommate, etc.
    
2. It is good to see that millennials are interested in building equity in a home that they purchase.  Buying a home, and thus having your monthly housing costs paying down the principal balance of your mortgage, is a much better feeling than paying those monthly housing costs each month to pay down your landlord's mortgage. 
    
3. A desire for more space or a yard for a dog is surprising, at first, but given the age of millennials, maybe there are more such buyers still in the pre-marriage, pre-kid stage of life?

Knowing why you are buying a home, and how long you think you will be in that home, are important things to be thinking about as you are preparing to embark upon the home buying process.

Thanks to JoDee Lambert at SunTrust Mortgage for this fun infographic.