"The National Association of Realtors (NAR) recently reported that homeownership is slipping further out of reach for younger generations. In its 2025 Profile of Home Buyers and Sellers, the real estate trade group said that today's first-time buyer has a median age of 40 more than 10 years older compared to the 1980s. What's more, these buyers accounted for only 21% of home sales in the past year, a share that's been cut in half since 2007."
"California residents Kathy Fitzgerald Sherman and her husband Michael Sherman, who are both in their late 60s, told the outlet that they'd purchased a $500,000 in the Bay Area more than 30 years ago. By the time they sold it, it was valued at more than $2 million. That surge in equity has helped them to purchase two homes since then, and they recently gifted more than $600,000 to their daughter and son-in-law for a down payment on a condominium in San Jose."
"Real estate agent Danielle Lazier told the Times that we have a phenomenon here in San Francisco where the two primary forms of a first-time buyer's down payment are either tech stock options or the Bank of Mom and Dad, sometimes a bit of both, Lazier said. She encouraged parents who are considering a similar decision to get started early as the Bay Area housing shortage continues"
First-time homebuyers now have a median age of 40, more than ten years older than in the 1980s, and represented only 21% of home sales last year, half their share since 2007. One in four first-time buyers received financial help from family or friends for a down payment. Long-term homeowners who saw huge equity gains have been transferring wealth: a Bay Area couple turned a $500,000 purchase into over $2 million and gifted more than $600,000 to their daughter for a condo down payment, keeping the younger family in the area. In high-cost markets, down payments commonly come from tech stock options or parental gifts, and starting early is recommended.
Read at www.housingwire.com
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