Realtors Group Traces 35 Years of the Real Estate Market

A new study by the National Association of Realtors reveals trends in the real estate market—including a finding on the critical issue of Millennial preferences in housing.

1 minute read

October 25, 2016, 6:00 AM PDT

By James Brasuell @CasualBrasuell


Cul-de-Sac

Joseph Sohm / Shutterstock

Joseph Lu provides an abridged version of a study due to be released at the end of the month by the National Association of Realtors (NAR).

This year's edition of NAR's "Profile of Home Buyers and Sellers" is the 35th version of the study, so Lu's coverage focuses on the trends apparent from 35 years of analysis. Lu breaks down those trends in five ways, including the following:

  • Less first-time buyer participation
  • Looking for a bigger space
  • Buyers are taking longer to search due to less inventory

One of the more compelling claims made by the report reveals a trend among Millennials that is sure to be closely watched as the nation's largest generation ages and settles down: "While it is true that Millennials have chosen to sacrifice space for proximity to jobs and entertainment (mainly by renting in urban areas), they have also followed the foot steps of previous generation. Millennials, NAR found, move out to the suburbs for larger and more affordable homes once they are ready to buy."

Friday, October 21, 2016 in Chicago Agent Magazine

portrait of professional woman

I love the variety of courses, many practical, and all richly illustrated. They have inspired many ideas that I've applied in practice, and in my own teaching. Mary G., Urban Planner

I love the variety of courses, many practical, and all richly illustrated. They have inspired many ideas that I've applied in practice, and in my own teaching.

Mary G., Urban Planner

Cover CM Credits, Earn Certificates, Push Your Career Forward

Aerial view of town of Wailuku in Maui, Hawaii with mountains in background against cloudy sunset sky.

Maui's Vacation Rental Debate Turns Ugly

Verbal attacks, misinformation campaigns and fistfights plague a high-stakes debate to convert thousands of vacation rentals into long-term housing.

July 1, 2025 - Honolulu Civil Beat

Logo for Planetizen Federal Action Tracker with black and white image of U.S. Capitol with water ripple overlay.

Planetizen Federal Action Tracker

A weekly monitor of how Trump’s orders and actions are impacting planners and planning in America.

July 9, 2025 - Diana Ionescu

Map of Haussmann's redesign of Paris in the 1850s through 1870s under Napoleon III.

In Urban Planning, AI Prompting Could be the New Design Thinking

Creativity has long been key to great urban design. What if we see AI as our new creative partner?

June 30, 2025 - Tom Sanchez

View of dense apartment buildings on Seattle waterfront with high-rise buildings in background.

King County Supportive Housing Program Offers Hope for Unhoused Residents

The county is taking a ‘Housing First’ approach that prioritizes getting people into housing, then offering wraparound supportive services.

July 11 - Real Change

Aerial view of suburban housing near Las Vegas, Nevada.

Researchers Use AI to Get Clearer Picture of US Housing

Analysts are using artificial intelligence to supercharge their research by allowing them to comb through data faster. Though these AI tools can be error prone, they save time and housing researchers are optimistic about the future.

July 11 - Shelterforce Magazine

Green bike share bikes parked in a row on a commercial street with outdoor dining and greenery.

Making Shared Micromobility More Inclusive

Cities and shared mobility system operators can do more to include people with disabilities in planning and operations, per a new report.

July 11 - Cities Today