NAR Looks at Generational Buying Patterns

Posted To: MND NewsWire

With the decades of attention the Baby Boomers got vis-à-vis their homebuying habits, and all the worry about the same lavished on Millennials for the last few years, the two intervening generations, X and Y, were relatively ignored. Now the National Association of Realtors (NAR) has released a report evaluating generational differences among recent home buyers and sellers. NAR divided the Boomers and Millennials each into older and younger cohorts but seems to have permanently misplaced Gen Y. That group was apparently absorbed by their Gen X ancestors, perhaps with a trailing birth year or two swept up with the older Millennials. But at least the NAR-defined Gen X, currently aged 37 to 51 , is getting some attention. Their homebuying history and habits are looked at along with those…(read more)

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Source: Mortgage News Daily

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