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Home-buying tendencies vary between generations
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The National Association of Realtors (NAR) released its 2014 National Association of Realtors Home Buyer and Seller Generational Trends report March 11. The report, which evaluates the generational differences of recent homebuyers and sellers, was compiled from a 122-question survey mailed in July 2013 to a national sample of 148,011 individuals who purchased their homes between July 2012 and June 2013.
The age of homebuyers was differentiated between five generations: Gen Y, those born between 1980-1995; Gen X, those born from 1965-1979; Younger Boomers, born from 1955-1964; Older Boomers, born from 1946-1954; and the Silent Generation, born between 1925-1945.
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