Baby Boomers (ages 60–78) remain the largest group, making up 42% of all buyers.
For those under 59, the primary reason is the desire to own a home . For those 60+, it is being closer to friends and family .
The "typical" home buyer is no longer a young family starting out. Significant demographic shifts include: people who buy houses
A record 26%–30% of buyers paid all cash, bypassing high mortgage rates and gaining a competitive edge.
Roughly 14%–17% of buyers are purchasing homes to accommodate multiple generations, often to care for aging parents or save on costs. 4. Financial Barriers & Advantages Baby Boomers (ages 60–78) remain the largest group,
The residential housing market is currently defined by a "tale of two cities," where equity-rich repeat buyers dominate while first-time buyers face record-level barriers. Recent data from the National Association of REALTORS® (NAR) reveals a market shifting toward older, wealthier, and more established individuals. 1. Key Demographics & Shifts
The median age for all buyers has reached 59 years . First-time buyers now have a median age of 40 , up from the late 20s in the 1980s. The "typical" home buyer is no longer a
A widening divide exists between those entering the market and those leveraging existing home equity. First-Time Buyers Repeat Buyers 21% (Historic Low) Median Age Median Down Payment Financing Type Mostly financed (90%+) ~30% All-Cash 3. Purchasing Behavior & Preferences