Hello everybody! Welcome back to Suburban Snacks, where we not only inform you of current Real Estate topics but also review a different food item every month! This month’s snack is… SweeTarts jelly beans! Before we review the snack, we’ll be trying to figure out which generation buys the most expensive homes. So Millennials comprise 43% of home buyers—the highest of any generation in the current market. Their numbers in real estate are growing, as last year, they comprised 37% of buyers. While millennials may be in the housing market in higher numbers, Generation X is buying the most expensive homes. Buyers in that group purchased homes at a median price of $320,000. That was higher than younger millennials (between the ages of 23 to 31), at a median of $250,000, and older millennials (ages 32 to 41), at $315,000. Baby boomers between the ages of 57 to 66 purchased homes at a median price of $301,000, while those between the ages of 67 to 75 purchased homes at a median of $295,000, according to NAR.
Suburban Real Estate Group2023-01-30T09:07:44-07:00April 30, 2022|Suburban Snacks|
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Suburban Real Estate Group
Our team of experienced agents have facilitated the transfer of nearly $80 Million worth of Real Estate and currently manage over $30 Million worth of rental properties. By using the latest technology available in the industry, combined with their family values, buyers, sellers, and property owners can rest assured that their best interest is Suburban’s number one priority.
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