Time for Your Dream Home, Gen X!
During the housing market crash, Gen X homeowners lost more wealth than other generations. However, things are changing now! A strong economy, increasing home prices, and the recovery of the housing market are helping this generation to regain their lost wealth.
According to Pew Research Center,
“Their fortunes have rebounded more than those of other generations during the post-recession economic expansion and as home and stock prices have risen. Since 2010, the median net worth of Gen X households has risen 115%. In fact, in 2016, the most recent year with available data, the net worth of a typical Gen X household had surpassed what it was in 2007 ($84,200 vs. $63,400)”.
The same report also mentioned,
“15% of Gen X’s homeowners were ‘underwater’ on their homes in 2010 (meaning they owed more than they owned). By 2016 only 3% were underwater.”
As a result of homes regaining market value and their increasing net worth, many Gen Xers are presented with the opportunity of selling their current home in order to move up to the house they always dreamed of!
According to the 2019 Home Buyers and Sellers Generational Trends Report by the National Associations of Realtors, in 2018 Gen Xers made up the second largest share of home buyers by generation at 24%.
The report also provided some highlights about their purchase:
- Greatest share that purchased a multi-generational home (16%).
- Largest share that purchased a detached single-family home (88%).
- Highest median household income ($111,100).
- Bought the most expensive homes of all the generations.
- Job-related relocation was identified as the primary reason to buy.
But this generation is not only buying- they are selling too!
- Largest share of home sellers (25%).
- Highest median household income among sellers ($123,600).
- Tenure in the previous home was a median of 9 years.
- House too small was indicated as the primary reason to sell.
- 91% sold the home using a real estate professional.
Bottom Line
If you are a Gen Xer who would like to know exactly how much your house is worth today so you can move up to the home of your dreams, let’s get together to analyze your current circumstances.
Should you have your home pre-appraised before placing it on the Market?
In the complex and often unpredictable journey of selling a home, understanding the value of your property through a pre-listing appraisal emerges as a critical step that can significantly impact the outcome of your sale. This introduction to pre-listing appraisals...
State of Utah Market Update – Residential Homes
Buy or Sell with Marty Gale "Its The Experience" Principal Broker and Owner of Utah Realty™ Licensed Since 1986 CERTIFIED LUXURY HOME MARKETING...
Ritalin bez receptu: Kde a jak ho legálně zakoupit online v České republice?
Ritalin na prodej online bez receptu v České republice V posledních letech se v České republice stále více diskutuje o léku Ritalin, který je často používán k léčbě poruchy pozornosti s...
6 Must-Haves for a 2025 Home Sale
Buy or Sell with Marty Gale "Its The Experience" Principal Broker and Owner of Utah Realty™ Licensed Since 1986 CERTIFIED LUXURY HOME MARKETING SPECIALIST (CLHM) PSA (Pricing Strategy Advisor) General Contractor 2000 (in-active) e-pro (advanced digital marketing)...
Koupit Adderall online bez lékařského předpisu – snadno a rychle
Koupit Adderall bez lékařského předpisu jednoduše online V dnešní době je stále více lidí, kteří hledají efektivní způsoby, jak získat léky bez nutnosti navštívit...
Koupě Ritalinu online: Jak na to v České republice
Koupit Ritalin na internetu v České republice Ritalin, známý také jako methylfenidát, je lék často předepisovaný k léčbě ADHD (porucha pozornosti s hyperaktivitou). V posledních letech se stále...
Jak legálně získat Ritalin v České republice bez lékařského předpisu
Jak získat Ritalin bez receptu v České republice Ritalin, známý také jako methylfenidát, je lék často předepisovaný na léčbu poruchy pozornosti s hyperaktivitou (ADHD) a narkolepsie. Vzhledem k jeho...
Dostupnost Adderallu v České republice: Co potřebujete vědět
Adderall a jeho dostupnost v České republice Adderall je lék, který se často používá k léčbě poruchy pozornosti s hyperaktivitou (ADHD) a narkolepsie. Tento lék kombinuje amfetaminové soli, které...
Adderall: Cena a dostupnost v českých lékárnách
Adderall a jeho cena v lékárně Adderall je lék, který se často používá k léčbě poruchy pozornosti s hyperaktivitou (ADHD) a narkolepsie. Obsahuje kombinaci amfetaminu a dextroamfetaminu, které...
Top 8 most asked questions from Home Buyers and Sellers.
Top 8 most asked questions Home Buyers and Sellers ask From Home Buyers 1. **What is the current market condition?** Buyers want to know whether it’s a buyer’s or seller’s market to gauge competition and pricing. 2. **What are the property taxes and homeowners...