Posts from April 3rd, 2025
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Baby Boomers Take the Lead as the Biggest Group of Home Buyers
A new report shows that baby boomers are now the biggest group of home buyers in the U.S. This information comes from the National Association of Realtors® (NAR).
According to the NAR's 2025 Home Buyers and Sellers Generational Trends report, baby boomers aged 60 to 78 made up 42% of all home buyers last year. In comparison, millennials dropped to 29% from 38% the year before. Generation X buyers, who are aged 45 to 59, stayed the same at 24%.
Jessica Lautz, the NAR's deputy chief economist, said, "It's surprising that baby boomers have passed millennials to become the top home buyers. Many of them are buying homes with cash instead of loans."
Older buyers are more likely to pay with cash, while younger buyers often need loans and help from family. Over 90% of buyers aged 44 and younger financed their homes. Some younger millennials (ages 26-34) and older millennials (ages 35-44) said they received money from relatives for their down payments.
The re...
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