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<br />On the other hand, the first-time homebuyer age group, ages 25 to 34, is forecasted to <br />decrease considerably from a high of 17.8 percent in 1990 to 12.1 percent in 2010. Taken <br />together, the younger population groups decreased somewhat between 1990 and 2010, <br />going from 48.9 percent of the population to 46.3 percent. Judging from the increases in <br />the children and young adult populations, however, the population of first-time <br />homebuyers may begin moving up again by the year 2020. <br /> <br />While the younger population groups went down in population, the older groups were <br />increasing, from 51.1 percent of the population in 1990 to 53.7 percent in 2010. Move-up <br />homebuyers, ages 35 to 54, hit a peak of29.7 percent in the year 2000, and remained <br />high in 2010 at 26.9 percent, compared to 24.2 percent in 1990. At the same time, the <br />empty-nesters, ages 55 to 64, continued a steady rise, from 11.5 percent in 1990 to 14.5 <br />percent by 2010. The older population, ages 65 and over, peaked in 1990 at 15.4 percent, <br />and went to 12.3 percent by 2010. However, with the high figures in the move-up and <br />ernpty-nester groups in 2010, it is anticipated that the percentage of older people will <br />increase again by 2020. <br /> <br />Comparisons to the Twin Cities Metro Area as a Whole <br /> <br />The trend in - is toward a somewhat older population by 2010, although the year 2020 will <br />probably see even higher percentages of the older population groups. How does tills <br />compare with age groups for the metro area as a whole? See Table Four for 1990 and <br />2010 comparisons between - and the Twin Cities Metro Area. <br /> <br />Table Four <br />Age Group Comparisons, 1990 and 2010 <br />- and the Twin Cities Metro Area <br /> <br />Age Group - 1990 - 2010 Age Group Metro Area Metro Area <br /> - 1990 - 2010 <br />0-5 7.9% 7.2% 0-4 8.1% 6.3% <br />6-17 13.9% 17.1% 5-14 14.2% 13.1% <br />18-24 9.3% 9.9% 15-24 13.9% 14.4% <br />25-34 17.8% 12.1% 25-34, 20.4% 13.8% <br />35-54 24.2% 26.9% 35-54 26.4% 30.1% <br />55-64 11.5% 14.5% 55-64 7.2% 11.5% <br />65+ 15.4% 12.3% 65+ 9.7% 10.7% <br /> <br />Sources: Metropolitan Council; Nancy Reeves and Associates <br /> <br />The population of the metro area as a whole is getting older, but in a somewhat different <br />pattern than -. The population of - got older before the metro area as a whole, and now <br />the metro area is catching up. In 1990, 56.6 percent of the metro area population was in <br />the younger population groups (ages 0 to 34), compared to only 48.9 percent of the - <br />population. By 2010, the younger population groups are forecasted to drop to 46.3 <br /> <br />8 <br />