Home Buyers Archive

Younger Boomers: Purchase Multigenerational Homes

Younger Boomers, buyers ages 52 to 61 years, make up 16 percent of all home buyers in 2016. The median age for this group is 57 years old and they were born between 1955 and 1964. This age group...

Older Boomers: Most Satisfied Buyers Purchasing Forever Homes

Older Boomers, buyers aged 62 to 70 years, make up 14 percent of all home buyers in 2016. The median age for this group is 66 years old and they were born between 1946 and 1954. Within this group,...

The Silent Generation: Downsizing Homes & Joining Senior-Related Housing

The Silent Generation, buyers ages 71 to 91 years, make up the smallest share of home buyers by generation at only eight percent of all home buyers in 2016. The median age for this group is 75 years old...

Eighty Percent of First-time Homebuyers Put Down Less than 20 Percent Downpayment (Based on December 2016–February 2017 Closed Sales)

More first-time homebuyers take advantage of a low downpayment loan compared to all homebuyers, according to the February 2017 REALTORS® Confidence Index Survey Report, a monthly survey of REALTORS® about their sales activity and local market conditions.[1] Among all...

Using Your Tax Refund for a Down Payment

Recently GO Banking Rates put out some interesting information in their survey on how Americans spend their tax return. This was a very relevant topic because one thing that comes to mind in reference to potential homebuyers is the...