Review of NAR’s 2022 Home Buyers and Sellers Generational Trends Report

Here are 9 insights from NAR’s 2022 Home Buyer and Seller Generational Trend report that we wanted to share with you:

• First-time buyers made up 34% of all home buyers, up from 31% last year

• 60% percent of buyers were married, 19% were single females, 9% were single males, and 9% were unmarried couples

• 31% percent of buyers had children under 18 living at home

• 11% of buyers purchased a multigenerational home to care for & spend time with aging parents

• Baby Boomers make up the largest share of sellers at 42%

• 7% of buyers financed their home purchase

• 45% of Younger Millennials (ages 23-31) reported having student loans with a median loan balance of $28,000

• Gen Xers (ages 42-56) were the most racially diverse buyers in 2021  — 23% identified as Hispanic, Black, or Asian/Pacific Islander

https://www.nar.realtor/research-and-statistics/research-reports/home-buyer-and-seller-generational-trends