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Infographic: Baby Boomers are Housing Market Movers

In recent years, baby boomers have been active in the housing market, coming in at a close second to millennials as the largest generation of home buyers, while home prices have remained high and inventory conditions tightened. The National Association of Realtors®’ 2018 Profile of Home Buyer and Seller Generational Trends identified that baby boomers are now more likely to buy homes not just for themselves—but also for their aging parents and adult kids saddled with student debt.

As baby boomers continue to grow in the market, here is how they compare to other generations of buyers:

Instant Reaction: Lawrence Yun on Today’s FOMC Statement

The following is NAR Chief Economist Lawrence Yun’s reaction to the Federal Reserve’s decision today to raise short-term interest rates:

“We are still in the middle innings of rising interest rates; consumers should expect another three or four rounds of interest rate increases over the next 18 months. Mortgage rates will consequently continue to nudge higher. Fortunately, the economy is strong and wages are rising. If housing supply can be increased through more home building, then the negative impact of rising interest rates can be mitigated.”

NAR Welcomes Wesley Shaw to Advocacy Communications Team

Earlier this month, Wesley Shaw was introduced as NAR’s media manager of advocacy issues.

Wesley will focus on advancing NAR’s public policy agenda through communications that benefit and inform consumers, Realtors, and government officials from across the country. He will also coordinate with media who cover legislative and regulatory developments that affect the housing industry.

Wesley comes to NAR after spending roughly seven years on Capitol Hill, serving as the Communications Director for Representatives Karen Handel (GA-6) and Sam Graves (MO-6). He is a graduate of James Madison University and lifelong resident of the Washington, D.C. metro area. He and his wife, Amber, purchased their first home earlier this year and are expecting their first child in June.

Wesley can be reached at 202-383-1193, or wshaw@realtors.org.

Cheri Elliott, Broker-Associate
Century 21 Select Real Estate
4601 Post Street
El Dorado Hills, CA 95762
Direct: 916-939-7762
Text: 916-812-0382
Email: elliott-c@sbcglobal.net
BRE#01320399

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