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• Echo boomers—children of baby boomers—grew to the largest segment of home buyers in the most recent Profile of Home Buyers and Sellers. In fact, more than one-third (36 percent) of recent buyers was ages 25 to 34 years old. This segment of home buyers is at the highest share in the last decade.
• Not only has housing affordability has opened the market to younger buyers, but this segment of the population is now able to purchase a home with an education and career under their belt.
• The echo boomers have been credited with reinventing their 20s: ensuring a college education before getting married, getting married older, and having children later in life, but they still have the desire to be homeowners. Echo boomers are more likely to purchase a home single than a married adult of their parent’s generation.
• For more information on the Profile of Home Buyers and Sellers, go to: http://www.realtor.org/topics/homebuyers_sellers_profile
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