According to the National Association of Realtor’s 2021 Home Buyers and Sellers Generational Trends report, millennials continue to make up the largest share of homebuyers coming in at 37%. In fact, millennials have been the largest share of buyers since NAR’s 2014 report. The 2021 report shows 82% of younger millennials and 48% of older millennials were first-time homebuyers, more than other age group. The NAR’s report also shows that multigenerational homes increased over the last year, as a rising number of homebuyers purchased larger residences compared to prior years. Indeed…
Some key points:
- 18% of Generation X buyers purchased a multigenerational home.
- 20% of younger millennial homebuyers are unmarried, while 22% of older boomers are single women buyers.
- 2% of all buyers and sellers are in Generation Z.
Click here to read the full report at the National Association of Realtors.
