Wonder who is buying homes??? Al Clark with the HomeActions Update summarizes a great study of the generational trends in home buyer.
Unsurprisingly, the Milliniels are leading charge. With the very large population in a prime 1st time home owner age range, it can surprise no one that they are involved. Some may be surprised that their predecessors, the Baby Boomers are another very active population for a totally different reason. But they did trail in third behind Millenials older brothers, the Gen X.
Being mature and childless, in many cases, Baby Boomers are making a big move to smaller homes and retirement locations.
Read the entire article as it is an excellent source!
Chesapeake Real Estate: Meet Your Buyers