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St Louis Real Estate Search

Who Are Today’s Home Buyers?

Today’s home buyers are young, according to the Generational Trends Study published by the National Association of REALTORS (NAR), which indicates 31% of all recent home purchases were made by the Millenials, also known as Generation Y, which are people born between 1980 and 1995.  The next most active generation in terms of home buying is Generation X, people born between1965 and 1979, which accounted for 30% of all recent home sales, according to the NAR report.

Who they are and what they buy:

    • According to the NAR study, today’s Millenial home buyer;
      • Is 29 years old (median)
      • Has a median income of $75,300/year
      • Bought a 1,800 square foot home costing $180,000
    • According to the NAR study, today’s Generation X home buyer;
      • Is 40 years old (median)
      • Has a median income of $98,200/year
      • Bought a 2,130 square foot home costing $250,000.

 

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