No matter our age, we all play an important role in today's housing market. Just how much? Let's take a look at some figures recently released by the National Association of Realtors to see how the generations stack up.
Did You Know?
Gen Y: Dominates the first-time home buyer market at 76%, with 87% thinking that buying a home is a good financial investment.
Gen X: Has the highest income earners at $98,200 with 67% having children under 18 living at home.
The Young Boomers: 22% purchased a multi-generational home, mostly to accommodate their children over 18 moving back home.
The Older Boomers: Typically move to downsize in square footage and price.
The Silent Generation: Only 55% finance their home purchase.
Read other Did You Know? posts in our series to celebrate National Homeownership Month.
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