Keeping up with Chicago's North Shore Real Estate Market!

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call or text me: 847-691-1111 or email: ann@rannjones.realtor

Wednesday, May 8, 2019

What's happening with the next generation

Since 2013, the National Association of REALTORS® has issued their annual Home Buyers and Sellers Generational Trends Report. The report provides insights into differences and similarities across generations of home buyers and home sellers.
Some key facts from this year's report:

  • Younger Millennials are broken out in this report—at 11% they are now a larger home buyers group than the Silent Generation (7%).
  • Millennials overall remain the largest generation of buyers.
  • 1 in 4 Younger Boomer and Silent Gen buyers are single females
  • Older Millennials are most likely to have children under the age of 18 in the home at 69%.
  • Gen Xers are now most likely to buy a multi-generational home at 16%.
  • Younger Millennials purchase homes through agents, with the highest share of any generation at 92%.

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