Targeting a type
In terms of housing selection, prospective buyers are seeking out an existing home over a new one. Likely due to higher home values for new properties, particularly at a time when house prices are already elevated. About 41% overall said they're searching for an existing home, 40% claimed they'd take either new or existing and 19% were only looking to buy a new house. Of all generations, baby boomers are most likely to be looking for an existing home, while millennials are most likely to want new.