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Since 2013, the National Association of REALTORS® has produced the Home Buyers and Sellers Generational Trends Report. This report provides insights into differences and similarities across generations of home buyers and sellers. The home buyer and seller data is taken from the annualProfile of Home Buyers and Sellers.
Here are some of the most recent findings:
First-time buyers made up 26% of all home buyers, a decrease from 34% last year. Seventy percent of Younger Millennials and 46% of Older Millennials were first-time home buyers. Behind these groups, 21% of Gen Xers were also first-time home buyers.
Baby Boomers,both Younger Boomers and Older Boomers, made up thelargest generation of home buyersat 39%.
Gen Xers had the highest household incomesof any generation at $114,300 in 2022, followed by Older Millennials with a median household income of $102,900.
TheSilent Generationhad thehighest share of married couplesat 68%. The highest percentage of single female buyers was among Gen Z at 31%. The highest share of unmarried couples were Younger Millennials at 20%.
31% of all buyers had children under the age of 18 living at home. Seventy percent of Older Millennials had at least one child under the age of 18 residing in the home.
14%of home buyerspurchased a multi-generational hometo take care of and spend time with aging parents because children over the age of 18 were moving back and for cost savings. Eighteen percent of Older Boomers purchased a multi-generational home. Gen Xers comprised the second largest share at 17%.
Gen Xers remain the most racially diverse group of buyersin 2022. Twenty-three percent of this group of buyers identified as Hispanic/Latino, Black/African American, or Asian/Pacific Islander.
NOTE: This Report is only available as a Digital Download, not available in printed format.
In partnership with the Right Tools, Right Now Program this product is FREE for the month of June.
Since 2013, the National Association of REALTORS® has produced the Home Buyers and Sellers Generational Trends Report. This report provides insights into differences and similarities across generations of home buyers and sellers. The home buyer and seller data is taken from the annualProfile of Home Buyers and Sellers.
Here are some of the most recent findings:
First-time buyers made up 26% of all home buyers, a decrease from 34% last year. Seventy percent of Younger Millennials and 46% of Older Millennials were first-time home buyers. Behind these groups, 21% of Gen Xers were also first-time home buyers.
Baby Boomers,both Younger Boomers and Older Boomers, made up thelargest generation of home buyersat 39%.
Gen Xers had the highest household incomesof any generation at $114,300 in 2022, followed by Older Millennials with a median household income of $102,900.
TheSilent Generationhad thehighest share of married couplesat 68%. The highest percentage of single female buyers was among Gen Z at 31%. The highest share of unmarried couples were Younger Millennials at 20%.
31% of all buyers had children under the age of 18 living at home. Seventy percent of Older Millennials had at least one child under the age of 18 residing in the home.
14%of home buyerspurchased a multi-generational hometo take care of and spend time with aging parents because children over the age of 18 were moving back and for cost savings. Eighteen percent of Older Boomers purchased a multi-generational home. Gen Xers comprised the second largest share at 17%.
Gen Xers remain the most racially diverse group of buyersin 2022. Twenty-three percent of this group of buyers identified as Hispanic/Latino, Black/African American, or Asian/Pacific Islander.
NOTE: This Report is only available as a Digital Download, not available in printed format.
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