The CoreLogic Loan Application Database shows there has recently been a net outward migration of homebuyers from the center of the Washington, D.C., metropolitan area to more affordable adjacent counties. Using the same set of data, this post focuses on homebuyers’ composition by generational cohort in the Washington, D.C., area in 2017. (The Washington, D.C., metropolitan area includes the District of Columbia, five counties in Maryland, 17 counties/cities in Virginia, and Jefferson County in West Virginia.)

Among the Washington, D.C., area residents who applied for home-purchase mortgage loans during 2017, Generation X represented the largest share at 41 percent, followed by millennials, baby boomers, and the ‘silent’ generation at 38 percent, 19 percent, and 2 percent, respectively. (Pew Research Center defines generations born 1981 to 1997 as millennials, 1965 to 1980 as Generation X, 1946 to 1964 as baby boomers, and 1928 to 1945 as the silent generation.)

(The M Report)