Home buyer Generational Trends 2013 Presented by Coldwell Banker Realty Corp

233 views

Published on

The National Association of Realtors (NAR) conducted a study on Home Buyer and Seller Generational Trends. NAR compared the six generational categories: Millennials, Gen X, Younger Boomers, Older Boomers, Silent Gen, and G.I. Gen. View the presentation for a summary of this study.

Published in: Real Estate, Business
0 Comments
0 Likes
Statistics
Notes
  • Be the first to comment

  • Be the first to like this

No Downloads
Views
Total views
233
On SlideShare
0
From Embeds
0
Number of Embeds
1
Actions
Shares
0
Downloads
3
Comments
0
Likes
0
Embeds 0
No embeds

No notes for slide

Home buyer Generational Trends 2013 Presented by Coldwell Banker Realty Corp

  1. 1. Study Conducted By: National Association or Realtors Presented by: Coldwell Banker Realty Corp 600 East Main Street Lansdale, PA 19446 215-855-5600- office info@cbrealtycorp.com www.cbrealtycorp.com
  2. 2.  Millennials/ Gen Y: 32 and younger  Gen X: 33-47  Younger Boomers: 48-57  Older Boomers: 58-66  Silent Generation: 67-87  G.I. Generation: 88+
  3. 3. Home Buyers 2013:  Millennials: 28%  Gen X: 31%  Younger Boomers: 18%  Older Boomers: 14%  Silent Generation: 10%  G.I. Generation: <1%
  4. 4. Prior to Buying a Home:  65% rented an apartment  22% lived with parents, relatives, or friends Where/Why they Buy:  Move to shorter distances from previous residence(typically 10 miles)  Convenience to jobs, affordability, and school districts are main driving factors of purchasing.
  5. 5.  65% of recent Older Gen Home Buyers owned their previous residence. Where/Why they purchased:  25% purchased in a senior-related housing.  Further away from their previous residence (20 miles) but closer to friends/family and health facilities  Factors: landscaping for energy conservation and environmentally friendly community features.
  6. 6.  Younger buyers tend to make sacrifices on price, size, and condition.  Older buyers make few to no compromises.  As the age of home buyers increase, age of the home decreases.  Home buyer satisfaction with the home buying process increases as age increases.
  7. 7.  Younger buyers are more likely to want the help of an agent to understand the home buying process.  Younger buyers place honesty and trustworthiness as most important aspects in agents. Where as older buyers focus more on agent’s knowledge of neighborhoods.  Younger buyers were referred to an agent, older buyers used an agent they previously did business with before.
  8. 8. Contact Coldwell Banker Realty Corp 600 East Main Street Lansdale, PA 19446 215-855-5600 info@cbrealtycorp.com www.cbrealtycorp.com

×