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June 25, 2014

Five Generations in Housing


Five Generations in Housing

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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