Can Age Influence Real Estate Markets?Can Age Influence Real Estate Markets?Can Age Influence Real Estate Markets?Can Age Influence Real Estate Markets?
  • Home
  • Services
  • Search Homes
  • National & International
  • Resources
    • Communities
    • Cost of Living Comparison
    • News Blog
  • Contact Us
✕
Starbucks
Starbucks Reserve: The Seattle Debut
March 7, 2018
Bainbridge Island Estate – Featured Luxury Home
April 12, 2018
Published by admin on March 15, 2018
Categories
  • Business
  • Industry Trends
  • News
Tags
  • Age
  • Industry Trends
  • Real Estate Markets

Can Age Influence Real Estate Markets?

How much does age matter in real estate? Findings show different ages of home buyers are seeking types of real estate markets. Individuals seek out types of homes that cater to their specific needs in different stages of their lives. Realtor Magazine analyzed migration data to find the hottest locations for each age. The research separated results into three age categories: Millennials, Gen X, and Boomers.

Millennials

These types of buyers are allured by places known to be strong technology and cultural centers. They search for booming job markets and a wide variety of social amenities.

Top 5 Cities for Ages 24 to 38:

  • San Francisco
  • Seattle
  • Houston
  • Dallas
  • Washington, D.C.
Generation X

This home owner is looking for housing affordability. These buyers want their housing to meet the need of growing families. Many are attracted to warm weather and business friendly states.

Top 5 Cities for Ages 39 to 53:

  • Houston
  • Miami
  • Dallas
  • Washington, D.C.
  • Riverside, CA
Baby Boomers

It’s all about the Sun Belt! Many of these buyers are looking to downsize. Simplicity and little maintenance is highly desired by those looking forward to retirement.

Top 5 Cities for Ages 54 to 74:

  • Phoenix
  • North Port, FL
  • Miami
  • The Villages, FL
  • Punta Gorda, FL

Click here to read the full article

Share
0
admin
admin

Related posts

Moving In Or Moving Out A House. Books, Toys, Kitchen Utensils And Other Equipments Are In Cardboard Boxes In Empty Room.

April 13, 2022

TOP 3 TRENDS IN CORPORATE RELOCATION FOR 2022


Read more

The light trails on the modern building background, Central, Hong Kong

March 14, 2022

ACCELERATING JOB GAINS AFFIRM RATE HIKE, RECOVERY


Read more
February 10, 2022

STATE OF LUXURY REAL ESTATE 2022: LUXURY MARKET NORMALIZING


Read more
© 2021 | John L. Scott Relocation