Generation X Bought The Most Expensive Homes Last Year

April 17, 2017

Buyers belonging to Generation X are a bit more affluent than people in other generations. According to a new study from NAR’s Economists’ Outlook blog, in 2016 Gen Xers had the highest median household income at $106,600 and purchased the most expensive homes, with a median home price of $261,000.

Compared to other generations, Gen Xers also bought the largest homes (median size of 2,100 square feet) last year. The group is racially diverse, takes the most time to search for a house, and values homes near schools.

Generation X is the largest share of home sellers at 29 percent. They also have the highest median selling incomes at $122,100 and sell median priced homes at $240,000.

Read more

Comments

PB-Sales,PB-Economics,PB-Industry Data + Research,PB-Single Family Homes
expand_less