Echo boomers—children of baby boomers—grew to the largest segment of home buyers in the most recent Profile of Home Buyers and Sellers.
Palm Coast, FL – May 20, 2011 – Echo boomers—children of baby boomers—grew to the largest segment of home buyers in the most recent Profile of Home Buyers and Sellers. In fact, more than one-third (36 percent) of recent buyers was ages 25 to 34 years old. This segment of home buyers is at the highest share in the last decade.
Not only has housing affordability opened the market to younger buyers, but this segment of the population is now able to purchase a home with an education and career under their belt.
The echo boomers have been credited with reinventing their 20s: ensuring a college education before getting married, getting married older, and having children later in life, but they still have the desire to be homeowners. Echo boomers are more likely to purchase a home single than a married adult of their parent’s generation.
For more information on the Profile of Home Buyers and Sellers, go to: https://www.realtor.org/topics/homebuyers_sellers_profile
©National Association of Realtors® – Reproduced with permission