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Month: May 2023

NAR reports on home buyers and sellers generational trends

NAR reports on home buyers and sellers generational trends

Baby boomers made up 39% of home buyers last year– more than any other generation, and up from 29% in 2021, according to the 2023 Home Buyers and Sellers Generational Trends report from the National Association of Realtors®. Millennials (now ages 24 to 42) had been the top homebuying cohort since NAR’s 2014 report. Generation Y/Millennials’ share fell from 43% in 2021 to 28% last year. The segment with the highest median household income, Generation X (43 to 57 years old), made…

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First Time Home Buyers

First Time Home Buyers

Purchasing a home can be a daunting Task, especially for those new to the real estate market. With that in mind, here are some things to consider for first-time buyers in Washington State. 1- Determine your budget Before you start looking at homes, it’s essential to determine your budget. Knowing your budget will help you focus your search and avoid looking at homes that are outside of your price range. Consider your current income, debts, and expenses to determine how…

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