Born between 1965 and 1980, many members of Generation X are in their peak earning years. While the COVID-19 pandemic has doubtlessly stifled some of that earning potential, Gen Xers are still taking advantage of near-record-low mortgage rates to buy homes.
But where are Gen Xers looking to buy? To answer this, LendingTree analyzed mortgage purchase requests made in 2020 on the LendingTree platform in the nation’s 50 largest metros.
LendingTree researchers found that Gen Xers made up more than a quarter of potential homebuyers in almost all the country’s largest metros, and that they were the second-largest generational group of homebuyers after millennials