Who Are All the Home Buyers?

The National Association of Realtors (NAR) conducted a survey in July of 2021. The received 5,795 responses from homebuyers who purchased a primary residence between July 2020 and June 2021. The report’s information about sellers comes from the buyer respondents who also sold a home.

This is their findings among homebuyers:

“In 2021, millennials, those born between 1980 and 1998, made up the largest share of buyers at 43% — up from 37% the year before, according to the National Association of Realtors’ annual Home Buyers and Sellers Generational Trends Report.

At the same time, boomers, those born between 1946 and 1964, made up the largest share of sellers at 42% — nearly flat from 43% in 2020.

In between, Gen Xers made up 22% of buyers and 24% of sellers. On either end of the generation spectrum, the Silent Generation (born 1925-1945) made up 4% of buyers and 6% of sellers, while Gen Zers (born 1999-2011) made up 2% of both buyers and sellers”

Interesting to see the age groups of home buyers. I’ve had the pleasure of working with at least one person from each generation.

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