Home Buying Desires of Millennials Match Those of Older Buyers
A number of the homebuying characteristics of younger millennials are replicating the buying desires of those in the silent generation.
This is according to the latest study from the National Association of Realtors®, the 2020 Home Buyer and Seller Generational Trends report1, which researched each generation to examine the differences of recent homebuyers and home sellers.
The NAR report found that despite the obvious age gap between millennials and those that make up the silent generation, the two groups are likeminded in terms of buying preferences. Among both age groups, proximity to friends and family is a high priority, with 53% of homebuyers between the ages of 22 to 29 and 74 to 94 listing this as a major factor that would influence their decision in selecting a neighborhood.
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