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> and I'm an older Millennial, it should be mostly us buying homes right now There's a huge Boomer generation also trying to downsize. Back in 2021 the averag
by anonymouskimmer 3y ago
> and I'm an older Millennial, it should be mostly us buying homes right now
There's a huge Boomer generation also trying to downsize.
Back in 2021 the average homebuyer was 45 years old. This probably hasn't changed that much: https://www.businessinsider.com/typical-us-homebuyer-age-salary-location-budget-housing-crisis-2021-9?op=1#the-average-homebuyer-is-45-years-old-but-about-a-quarter-of-buyers-are-in-their-30s-1 https://www.businessinsider.com/typical-us-homebuyer-age-sal...
https://www.nar.realtor/sites/default/files/documents/2021-home-buyers-and-sellers-generational-trends-03-16-2021.pdf https://www.nar.realtor/sites/default/files/documents/2021-h...
- GenZ at 2%
- Older Millennials at 23 percent and Younger Millennials at 14 percent of the share of home buyers. Millennials have been the largest share of buyers since the 2014 report
- Buyers 41 to 55 (Gen Xers) consisted of 24 percent of recent home buyers.
- Buyers 56 to 65 consisted of 18 percent of recent buyers and buyers 66 to 74 consisted of 14 percent of recent buyers.
- Buyers 75 to 95 (The Silent Generation) represented the smallest share of buyers at five percent.