By: Joe Ward
Source: Miami Agent
With all the talk of Millennials and how they fit into the housing market, Generation X doesn’t get a lot of attention as a home-buying population. Gen X-ers, aged 37 to 51 years, make up the second largest share of homebuyers by generation, as they made up 28 percent of all homebuyers last year, according to the National Association of Realtors.
Here are some facts that define Generation X and their homebuying preferences, according to NAR:
- They buy the largest homes on average. One of the top reasons Generation X-ers buy homes is their desire for a larger home. That could be because they have the largest household of any generation, with 62 percent of households having at least one child in their home. Their average home size is 2,100 square feet.