The come back of Generation X in Real Estate

By
Real Estate Agent with Remax Eastside Brokers

 

The come back of Generation X in Real Estate

 

 

Generation X (from age 37 to 51) a segment of home buyers that was described as the Lost Generation because many of them lost their houses when the Great Recession hit, as all we know many lost jobs and even more lost homes.

 

When the year 2008, thousands upon thousands bought homes. Many of those buyers just started families in the early to middle part of their careers.

 

Some of them went back to school for retraining as the economy is down. The average of Generation X member has a student debt more than $30,000 than his/her average counterpart in the Millennial generation which is $25,000.


But slowly, gently, a remarkable increase in home values gives the Generation X a comeback. From among thousands who lost homes are arising the million who did not. Those hardworking Gen X struggles to make their monthly house payments even in the toughest of times. More than 1 million more homeowners fought and get their way to positive equity in 2016.


After starter home tenures that have extend for 10 years or more, many of them finally have enough equity to sell and trade up – a great help to ease the inventory shortages in much of the country. And as is the norm, those who sell nearly always buy.

 

The main of their earning years – most with families, they’re ready for the four-bedroom, three-bath home with the hot tub now. Generation Xers collects a median $106,000 a year, the highest among all age groups.

 

Gen X purchases were up to 28 percent of all purchases in 2016, up from 26 percent in 2015. In 2017, they could threaten the Millennial’s 4-year hold on the largest percentage of home buyers.

 

 

 

 

 

For more information on homes, communities, or anything else regarding your Real Estate needs it would be my pleasure to assist you. Please contact me

Shawn McNeal

360-929-6650

Email Me :  shawnsellshomesinwashington.com

 

 

My website gives information about the Market AnalysisCommunity ReportLocal Schools Report and Home Prices. If you are looking to buy a home, the property information is direct feed from the WA MLS or if you are looking to sell, get a FREE Home Valuation to see what your home is worth!

 

 

 

 

 

 

Look for homes for sale in  Oak HarborLangleyCoupevilleClinton

FreelandCamano Island.

 

 

 

 

 

 

 

 

 

Low Down Payment Options

 

 

 

For information about financing options please visit the Bay Equity site for Dean Hayes. Getting pre-qualified can help you be realistic about how much of home you can afford. By speaking with Dean Hayes, you will discuss assets, credit, and debt to better understand where you stand financially in terms of getting the right amount of a home loan. Here you will find all of the information of products and services that Dean Hayes offers.  Getting pre-approved starts here!   

 

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RE/MAX- Acorn Properties 32800 State Route 20

Suite 2 Oak Harbor, Wa 98277

 

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For more information on homes, communities, or anything else regarding your Real Estate needs it would be my pleasure to assist you. Please contact me

Shawn McNeal

360-929-6650

Email Me :  shawnsellshomesinwashington.com

                       

 

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Harry F. D'Elia
Real Estate and Beyond, LLC - Phoenix, AZ
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Thanks for reporting Generation X is back on the move again.

Apr 26, 2017 05:16 AM #1
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