Younger Generations Buying More Houses?

Americans earning at least $75,000 are buying more houses than their parents at a comparable age, according to a new study commissioned by Coldwell Banker Real Estate Corp.The Coldwell Banker 2006 Homeownership in America Study found that 66% of survey respondents aged 61 or older have owned two to five homes, while 66% of baby boomers, aged 42 to 60, have already owned a similar number. Younger generations are showing homebuying habits similar to those of the baby boomers, Coldwell Banker said, with 48% of those in generation X (aged 32-41) and 36% of the so-called echo boomers (aged 31 or younger) already falling in the two-to-five-home category. The survey was conducted online by Harris Interactive.

Processing Content

For reprint and licensing requests for this article, click here.
Originations
MORE FROM NATIONAL MORTGAGE NEWS
Load More