Top 10 Largest Real Estate Companies By Revenue • Keller Williams Realty • RE/MAX • Coldwell Banker Real Estate • Century 21 • Berkshire Hathaway HomeServices • Compass • eXp Realty • Sotheby’s International Realty • HomeServices of America • EXIT Realty Source: Upnest.com Home Sweet Z Home Generation Z—those born between 1997 and 2012—have their sights set on homeownership, and they’re going for it. Nearly 86 percent of Zoomers plan to buy a home before age 35, and about half expect to buy a home in their 20s. Compare this to about 35 percent of Millennials who bought a home before age 35. Here’s why they want a home of their own: • They want a place to call their own: 82% • They believe owning a home is a good investment: 50% • They want a good home for their pets: 41% • They would feel safer if they owned their home: 33% • They want to feel part of a community: 15% Source: Homes.com People Moving Out, People Moving In Most buyers (81 percent) purchased single-family homes last year. Seven percent bought a townhouse, four percent bought a duplex and one percent bought an apartment or condo. Here’s how long they plan to stay in their new residence: • 16 years or more: 44% • 8-10 years: 23% • 4-5 years: 14% • 11-15 years: 9% • 2-3 years: 5% • 6-7 years: 4% • 1 year or less: 1% Source: 2021 National Association of Realtors Home Buyer and Seller Generational Trends Home Prices: Then And Now Homes sold for an average of $21,000in 1965. In 2021, the average sale price of a new home was $408,800. Source: Statista Here’s Who’s Buying Continued Homebuyers by Ethnicity: White: 83% Hispanic: 7% Asian/Pacific Islander: 5% Black: 5% Djomas / Nataliia K / New Africa / StockLite / Warut Prathaksithorn / Shutterstock.com Source: 2021 National Association of Realtors Home Buyer and Seller Generational Trends | JANUARY 2022 | 39 GROW
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