Generational Trends for 2019 Home Buyers & Home Sellers

The NATIONAL ASSOCIATION OF REALTORS® conducts annual studies to complete their yearly Home Buyer and Seller Generational Trends Reports. Below are some of main highlights from their 2019 Report. Please note that similar data for Gen Z, born 1999 – present, was not available. (Copyright NATIONAL ASSOCIATION OF REALTORS®. Reprinted with permission)

Younger Gen Y/Millennials – Born 1990-1998

  • 11% of 2019 home buyers
  • 40% considered commuting costs to be very important
  • 71% felt convenience to their job influenced their neighborhood choice
  • 86% were first-time home buyers

Older Gen Y/Millennials – Born 1980-1989

  • 26% of 2019 home buyers
  • 42% had student debt
  • 52% were first-time home buyers
  • 81% found their home with a mobile app

Generation X – Born 1965-1979

  • 24% of 2019 home buyers
  • 16% bought a multi-generational home
  • 47% looked online for properties as a first step
  • 56% bought in a suburb or subdivision

Younger Baby Boomers – Born 1955-1964

  • 18% of 2019 home buyers
  • 12 median number of weeks spent home searching
  • 35% felt heating and cooling costs very important
  • 53% had credit card debt that delayed saving for a down payment

Older Baby Boomers – Born 1946-1954

  • 14% of 2019 home buyers
  • 19% bought in a suburb or subdivision
  • 30 median miles between new and previous home
  • 47% bought due to retirement

Silent Generation – Born 1925-1945

  • 7% of 2019 home buyers
  • 27% bought to be closer to family, friends or relatives
  • 29% purchase senior-related housing
  • 34% will never move as they are in their forever home

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Until then… it’s all about YOU!