DIFFERENCES AND SIMILARITIES ACROSS GENERATIONS OF HOME BUYERS AND HOME SELLERS!
Want to know the differences and similarities across generations of home buyers and sellers?
[Millennials/Gen Yers (36 years and younger), Gen Xers (37 to 51 years), Younger Baby Boomers (52 to 61 years), Older Baby Boomers (62 to 70 years), and The Silent Generation (71 to 91 years)]?
Which age group makes up the largest share of home buyers – 34%, and what are their characteristics?
Which age group has 66% of its home buyers as first-time buyers?
Which age group consists of 28% of home buyers, and what are their characteristics?
Which age group is in their peak earning years, and this their incomes are the highest among all generations of buyer types?
Which age group has the highest median priced homes of all buyers, and buy the largest homes in median square footage and bedrooms?
Which age group is most likely to buy multi-generational homes?
Which age group is called the sandwich generation, and why?
Which age group will typically move the longest distance at a median of 25 miles and are least likely to make compromises on their home purchase?
Which age group is least likely to buy a detached single-family home?
Which age group makes up 29% of all sellers?
Which age group sold the most homes in suburbs and/or subdivisions?
Which age group stayed in their homes for a median of six years?
What percent of all sellers used a REALTOR® to help them sell their home?
Which age group was more likely to offer incentives to buyers when selling their homes?
Which age group was less likely to offer incentives to buyers when selling their homes?
For the answers to these questions and more, check out, Home Buyer and Seller Generational Trends Report 2017, presented by the National Association of REALTORS® Research Department.
Bottom Line
If you are ready to buy or sell a home, and would like to know more about what to expect, or want someone to represent you through the process, complete the GET IN TOUCH form on this page, or just call 469-262-5411, and a Real Estate Advisor | REALTOR® from Martin Real Estate Advisors, a United Real Estate Company, will get back to you as soon as possible.
Home Buyer and Seller Generational Trends Report 2017 – Copyright NATIONAL ASSOCIATION OF REALTORS®. Reprinted with permission.