Before we look at the Parable of the Fig Tree, it is imperative to understand the writing style of the Bible. Not everything stays within chronological order. In many cases there is an overview of future events before the writer goes back to the present tense. Additionally, there are many Bible passages that run parallel to each other. Daniel chapters 7-9 and 11, Matthew 24, Mark 13, Luke 21, and 2 Thessalonians 2 all run parallel to Revelation 6-19 and transition between time periods. 

For simplicity sake, I am going to stick with Matthew 24 which looks like this:
Matthew 24:1-4 is the time of Jesus' ministry
Matthew 24:5-8 is 1947-Present
Matthew 24:9-14 is the first half of the Tribulation
Matthew 24:15-31 is the second half of the Tribulation

"Now learn a parable of the fig tree; When his branch is yet tender, and putteth forth leaves, ye know that summer is nigh: So likewise ye, when ye shall see all these things, know that it is near, even at the doors. Verily I say unto you, This generation shall not pass, till all these things be fulfilled." - Matthew 24:32-34

Jesus was speaking of the recreation of Israel which took place in 1947. Remember that the Bible will always interpret the Bible.

The prophet Hosea said "I found Israel like grapes in the wilderness; I saw your fathers as the firstripe in the fig tree at her first time..." (9:10). God also called the Jews figs in Jeremiah 24:1-10 and 29:16-17, and called Israel His fig tree in Joel 1:7. Also, keeping the within context, Jesus was talking to the Jews about what would happen to the Jews. In verse 15, the Abomination of Desolation in the third Jewish Temple takes place, in verse 16 those living in Judea (which is in Israel) are told to flee, and in verse 20 Jesus said that they should pray that they do not have to flee on the Sabbath which is a Jewish holy day. There can be no doubt that the fig tree is Israel.

It is also important to remember that God considers the creation of something at the declaration (Daniel 9:25).  

In 1897, Theodor Herzl founded the World Zionist Organization in Basel, Switzerland. It was here that the fig seeds were planted for the rebirth of Israel in the Basel Declaration.

In 1917, the British took control over Palestine from the Ottoman Empire. British Foreign Secretary Arthur Balfour proclaimed "His Majesty's government views with favour the establishment in Palestine of a national home for the Jewish people, and will use their best endeavours to facilitate the achievement of this object, it being clearly understood that nothing shall be done which may prejudice the civil and religious rights of existing non-Jewish communities in Palestine, or the rights and political status enjoyed by Jews in any other country". This was called the Balfour Declaration.

On 29 November 1947, the United Nations General Assembly passed Resolution 181. The Resolution called for partition of Palestine into Jewish and Arab states. Jerusalem would be governed by a special international regime. This fulfilled the prophecy in Isaiah 66:8 that reads "Who hath heard such a thing? who hath seen such things? Shall the earth be made to bring forth in one day? or shall a nation be born at once? for as soon as Zion travailed, she brought forth her children". It was at this point that the generation that Jesus spoke of in Matthew 25:32-34 began.

In 1967, the Six-Day War took place and the Jews recaptured their historical capital Jerusalem.

In December 2017, U.S. President Donald Trump formally recognized Jerusalem as the capital of Israel. Days later, the majority of the United Nations refused to accept the acknowledgement of both Israel and America.

In Psalm 90:10 we learn the length of a generation: "The days of our years are threescore years and ten; and if by reason of strength they be fourscore years, yet is their strength labour and sorrow; for it is soon cut off, and we fly away".

We are the generation to see the the fig tree sprout leaves and we are the generation to see Jerusalem become a "burdensome stone" to the world (Zech. 12:3).