NAR Generational Trends Report shows millennials make up 43% of homebuyers
by Emily Mack, abridged by RE/MAX Ultimate Professionals What does the current generation of homebuyers and sellers look like? How old are they and how are they doing business? The National Association of REALTORS® (NAR) has answers with its 2022 Home Buyers and Sellers Generational Trends Report, released today. The report provides insights with a by-the-numbers look at evolving demographics and was compiled based on a detailed survey of 5,795 recent homebuyers who purchased in the period between July 2020 and June 2021. Who is looking for homes? Millennials — 32 to 41 years old — continue to make up the greatest share of homebuyers, according to the NAR report, keeping in trend with the yearly results since 2014. During the period of study, millennials represented 43% of the market, with older millennials making up 25% and younger millennials, 18%. Most were first-time buyers: 81%. Younger millennials were the most educated age group purchasing homes, with 90% holding an associate d
