MILLENNIALS MOST ACTIVE HOMEBUYING GENERATION – part 2

Other ages:  Gen X ranked 2nd at 26%, followed by younger at 18% and older baby boomers at 14%.  The Silent Generation held the smallest part of the pie at 6%.  The typical millennial buyer last year had a higher household income ($88,200) than a year ago ($82,000).  They purchased the same 1800 sq. ft. at a more expensive price – from $205,000 to $220,000.  Millennials have higher student debt.  Most are saving for a down payment on a home.