If you're looking for insights on who's buying homes these days, one of the many angles you can approach it from is generational. Two weeks ago, we posted an infographic from John Burns Real Estate Consulting chronicling generational preferences of amanities in home-buying.
The infographic below, also from John Burns, shows who is in the market buying homes—and how much they're paying for them.
It turns out that Generation Xers, who have the highest incomes of the three generations surveyed, are paying the highest home payments and tend to have the largest households. Baby Boomers tend toward households of two or fewer more than any other generation, and Generation Y has proved to be the most budget-conscious.
Related Stories
Architects | Apr 4, 2017
Architect Howard Elkus dies at 78
Cofounder of Elkus Manfredi Architects, his career spanned five decades, and included a spectrum of major design projects.
Building Team | Apr 4, 2017
Dispelling five myths about post-occupancy evaluations
Many assume that post-occupancy (POE) is a clearly-defined term and concept, but the meaning of POE in practice remains wildly inconsistent.
Structural Materials | Apr 3, 2017
Best of structural steel construction: 4WTC, Fulton Center, Pterodactyl win AISC IDEAS2 Awards
The annual awards program, sponsored by the American Institute of Steel Construction, honors the best in structural steel design and construction.
Green | Mar 29, 2017
Copenhagen Zoo and BIG unveil yin yang-shaped panda habitat
The new habitat will sit between two existing buildings, including the Elephant House designed by Norman Foster.
Architects | Mar 28, 2017
A restroom for everyone
Restroom access affects everyone: people with medical needs or disabilities, caretakers, transgender people, parents with children of the opposite gender, and really anyone with issues or needs around privacy.
High-rise Construction | Mar 27, 2017
Density and tall buildings
CRTKL’s Maren Striker examines Europe’s desire to build upward.
Architects | Mar 9, 2017
Watch Frank Lloyd Wright and Buckminster Fuller discuss architecture in animated video shorts
Given more time, Wright wanted to rebuild the country and change the nation.
Architects | Mar 6, 2017
Demolished Frank Lloyd Wright buildings get new life with photorealistic renderings
Architect David Romero recreated the Larkin Administration Building and the Rose Pauson House with detailed, fully colored renderings.
Building Team | Mar 6, 2017
AEC firms: Your website is one of the most important things you'll build
Don’t believe it? You’d better take a look at the research.