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Generation X Effects Housing Market for GenY ( Millenials)
Generation X Changes Housing Market for Millenials
 

 
You may have heard rumbling that there is a shortage of homes in the market for sale and wondered why. To fully understand todays market requires some knowledge of the generation numbers and their effects on homes for sale, buyers and the renters market.
Generation X, born between the years of 1965-1984, numbers 83 million. According to some experts, they came into the housing market at the wrong time. In 2004, Generation X homeowners reached an all time historical high of 49.5%. Today 10+ years later those historical averages are 7.0-7.9% below average for that generation. What happened? Many entered the market purchasing overvalued properties with high-risk loans that left them overextended and vulnerable. Some, as a result went back to the renting market, losing money on their investment and others are just catching up. Traditionally, that age group today would be ready to move out of their starter homes to larger homes. A fact that often, is not true for that generation today.
 Now comes the following generation, the Millenials ( Gen Y) born between 1985-2004. Their sheer numbers present a problem. They are 87 million strong and by 2025 will rise to 93 million due to ... more

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