Who Are Virginia’s Young Homebuyers?

//Who Are Virginia’s Young Homebuyers?

Who Are Virginia’s Young Homebuyers?

By: Guest Author, Virginia REALTORS® Chief Economist, Lisa Sturtevant, PhD

Young adults make up an important and growing share of the home-buying market in Virginia. In recent years, a little more than a third of all home purchases in the state were made by people under the age of 35.

Using data from the American Community Survey, I took a look at the characteristics of young (under 35) recent homebuyers and compared them to older recent homebuyers.  “Recent homebuyers” were defined as those who had purchase a home in the prior two years.

Click here to read the whole article with key statistics from this analysis.

By | 2019-06-07T14:14:29-04:00 June 7th, 2019|Recent News|0 Comments

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