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Generational Trends for 2019 Home Buyers & Home Sellers

The NATIONAL ASSOCIATION OF REALTORS® conducts annual studies to complete their yearly Home Buyer and Seller Generational Trends Reports. Below are some of main highlights from their 2019 Report. Please note that similar data for Gen Z, born 1999 – present, was not available. (Copyright NATIONAL ASSOCIATION OF REALTORS®. Reprinted with permission)

Younger Gen Y/Millennials – Born 1990-1998

  • 11% of 2019 home buyers
  • 40% considered commuting costs to be very important
  • 71% felt convenience to their job influenced their neighborhood choice
  • 86% were first-time home buyers

Older Gen Y/Millennials – Born 1980-1989

  • 26% of 2019 home buyers
  • 42% had student debt
  • 52% were first-time home buyers
  • 81% found their home with a mobile app

Generation X – Born 1965-1979

  • 24% of 2019 home buyers
  • 16% bought a multi-generational home
  • 47% looked online for properties as a first step
  • 56% bought in a suburb or subdivision

Younger Baby Boomers – Born 1955-1964

  • 18% of 2019 home buyers
  • 12 median number of weeks spent home searching
  • 35% felt heating and cooling costs very important
  • 53% had credit card debt that delayed saving for a down payment

Older Baby Boomers – Born 1946-1954

  • 14% of 2019 home buyers
  • 19% bought in a suburb or subdivision
  • 30 median miles between new and previous home
  • 47% bought due to retirement

Silent Generation – Born 1925-1945

  • 7% of 2019 home buyers
  • 27% bought to be closer to family, friends or relatives
  • 29% purchase senior-related housing
  • 34% will never move as they are in their forever home

Thinking of SELLING or BUYING a home in the Spring Hill, Brooksville, Weeki Wachee or the Hernando Beach areas of Hernando County, Florida? Check out our Aerial Video Tour of Hernando County to see what our County has to offer you and your family! Visit www.GailSellsFloridaHomes.com to explore our state-of-the-art MLS Map Search Feature where BUYERS can SEARCH MLS listings and SELLERS can SEE what their competition is doing!

Until then… it’s all about YOU!

About Gail Spada

Gail Spada’s real estate career began in 1990 and it didn’t take long for Gail to discover her love for the industry. In 2001, she began her real estate sales profession with Century 21 Alliance Realty in Spring Hill, FL. Gail has worked diligently to stay on top of her game. She is a Florida Licensed REALTOR® and has earned the following designations/certifications to include: GRI (Graduate Realtor Institute), ePRO (Internet Savvy Real Estate Specialist), AHWD (At Home With Diversity – One American) and SFR. It is that well-rounded training and experience, coupled with her intimate knowledge of the Hernando County real estate market, that enables Gail to deliver results to her customers.