Gen Xers: Purchased Multigenerational & the Biggest Homes
Gen Xers, buyers aged 39 to 53 years, made up the second largest share of home buyers by generation at 24 percent of all home buyers in 2018, (down from 26 percent last year). The median age for [...]
Older Millennials: Growing Up and Settling Down
New in this year’s report, the 2019 Home Buyer and Seller Generational Trends, is the segmentation of Millennials into two cohorts. Older Millennials, buyers aged 29 to 38 years, made up the [...]
Younger Millennials: Purchasing Habits Like Their Grandparents
New in this year’s report, the 2019 Home Buyer and Seller Generational Trends, is the segmentation of Millennials into two cohorts. Younger Millennials, buyers aged 21 to 28 years, made up 11 [...]
Wealth Gains from Homeownership across Metro Areas in 2018
Homeownership has been associated with positive social outcomes[1], and is also the largest source of wealth among homeowning households. In 2016, the median net worth among homeowners was [...]
Home Buyer Households: Valentine’s Day 2019
Using data from the 2018 Profile of Home Buyers and Sellers we can break down household composition, and the relationship it has to home purchasing choices. Among all recent home buyers, 63 [...]
Throwback Thursday: First-Time Homebuyers Then and Now
In 1981 when NAR first started tracking the data, the average age of a first-time homebuyer was 29. They made up 44 percent of all homebuyers. Sixty-eight percent of first-time buyers were [...]
Planning to Buy a Home in 2019?
Mortgage rates are starting off 2019 at very good levels. In fact, mortgage rates declined, starting the new year with the 30-year fixed rate mortgage dipping to 4.5 percent last week from [...]
Heating your Home for the Holidays 2018
When deciding on a home to purchase, recent buyers took into consideration a variety of different environmental features. The feature that was most important to buyers was heating and cooling [...]