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NAR's 2017 Housing Trends Report - Part 2, Buyer Demographics
According to the 2017 NAR Housing Trends Report, Millennials made up the largest group of buyers. Read more about those finding in Part 1, NAR's Housing Trends Report (Millennials).
Here is a quick video of just some of the overall finding of the buyer demographics report, with more details of the other buyer groups below the video.
 
America’s Second Biggest House Buying Demographic
 
Making up 28% of new property purchases in America, people aged 37-51 are America’s second biggest house buying demographic. What research also shows, however, is that people aged 37-51 are also the most ethnically diverse, likely to be married with children, and the most likely to buy homes at a higher medium price per square foot than other demographics.
 
On average, 37-51-year-olds want properties in the best neighborhoods, in the best commuter areas, and close to the best schools in town. Moreover, with being in their peak earning years, people aged 37-51 are much more likely to invest in buy to let properties and second homes for their own personal use. All that said, catering for Americas second most significant house buying demographic can get a little more complicated.
 
Because the 2008 financial crisis had the most detrimental effect on today's 37-51 age group, 27% ... more

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