Arda Clark

    (310) 650-0960
    arda@carlandarda.com
    • About
      • Meet Carl
      • Meet Arda
      • Testimonials
    • Properties
      • Search for Homes
      • Search by Area
      • Mortgage Calculator
      • Featured Listings
    Carl and Arda Clark
     

    Carl

    (310) 963-4788
    carl@carlandarda.com
    • Sell
    • Blog
    • Contact
    • Arda Clark(310) 650-0960
      arda@carlandarda.com
      Copy Email
    • Carl(310) 963-4788
      carl@carlandarda.com
      Copy Email
    • Beach City Brokers
      1716 South Catalina Avenue
      Redondo Beach, CA 90277
      3106500960
      arda@carlandarda.com

    About

    • Home
    • About
    • Contact

    Search

    • Search Properties
    Carl and Arda Clark - Footer Logo
      • Privacy
      • Terms
      • DMCA
      • Accessibility
      • Fair Housing
      © 2025 Beach City Brokers. All rights reserved.
      Website built by CloseHack.
      California Regional Multiple Listing Service

      The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

      Based on information from California Regional Multiple Listing Service, Inc. as of the most recent time synced and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information

      Millennials Are No Longer The Largest Contingent Of Homebuyers

      Published 08/16/2023 | Posted by Arda Clark

      For quite a while, most buyers have been Millennials. This is predominately related to their age. The age range for the Millennial generation varies depending who you ask, but the National Association of Realtors (NAR) uses 24 to 42. This is considered to be the prime age range for first-time homebuyers as well as those moving from their starter home to their first permanent home. Because of this, Millennials have been the largest contingent of homebuyers. That’s no longer the case.

      So who’s replacing them? One might expect it to be the generation just below them — it would make sense that as time goes on the younger generations fill the shoes of those before them. But the typical homebuyer has been around age 36, which is in the Millennial range, and much of Generation Z is still too young to own a home. It’s actually Baby Boomers making a comeback. The reason for this is economic, rather than generational. The current market is not well suited to homebuying. Those who are able to buy are generally those who can afford high-end homes. And one of the best ways to afford high-end homes is by having many more years of saving and building equity. Many Baby Boomers will have paid off their mortgage by now, and their homes would also be worth significantly more than they were when they were purchased. Half of Baby Boomers purchasing now are paying cash, something that Millennials without any equity are priced out of attempting.

      Photo by Wade Austin Ellis on Unsplash

      More: https://www.realtor.com/news/trends/millennials-are-losing-the-home-buying-edge-to-baby-boomers/

      Related Articles

      Keep reading other bits of knowledge from our team.

        Request Info

        Have a question about this article or want to learn more?