“The sheer size of the Millennial generation, the largest in history after baby boomers, is expected to give a powerful boost to long-run housing demand, though in the short-term mortgage accessibility and student debt repayment remain challenges,” noted Paul Bishop, NAR VP of research. According to the survey, Gen X buyers accounted for 31 percent of recent home purchases, making them the largest groups of buyers. Millenials were the second largest, accounting for 28 percent of buyers.
Posted on: Sat, 13 Jul 2013 06:00:40 +0000
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