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June 25, 2014

Five Generations in Housing

Notable

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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