For over 5 years the National Association of Realtors has issued their annual Home Buyers and Sellers Generational Trends Report. This report provides insights into differences and similarities across generations of home buyers and sellers. It’s good data…these are your customers! Happy Friday!!!
“One consistent finding for the last several years of reports has been that buyers 37 years and younger (Millennials/Gen Yers) is the largest share of home buyers at 36 percent. Sixty-five percent of these buyers were also first-time home buyers. The largest cohort in America is growing up and becoming more traditional in their buying habits.”
Hat tip to the NAR and by all means, click here to read their full report.