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During the housing crash, many Gen X homeowners owed more than their homes were worth. Now, they’re bouncing back thanks to a strong economy and increased housing values. A study from the National Association of REALTORS showed some growth, but Gen Xers still lag behind millennials and baby boomers.
Most Gen Xers, aged 37 to 51, make on average $106,600 a year. With low interest rates they’re able to purchase nicer homes in better school districts.
So, where will they settle down? With millennials relocating to the suburbs, and city-bound baby boomers, Gen Xers have many housing options.
– Debi Benoit, Benoit Mizner Simon & Co.