In a notable shift, baby boomers have overtaken millennials as the leading home-buying demographic in the U.S., accounting for 42% of home sales from July 2023 to July 2024, compared to millennials' 29%. This change, noted in the National Association of Realtors' 2025 report, indicates a decline in millennial home buying, attributed to a drop in first-time buyers and financial challenges such as rising housing costs and down payment difficulties. The demographic trend reflects deeper economic disparities between generations, with baby boomers often paying in cash and younger buyers relying on financing.
The generational shift in home buying patterns highlights the financial advantages that baby boomers possess, as they lead the market with cash purchases.
Millennials, traditionally the top homebuyers, saw a significant decrease in home buying, attributed to a decline in first-time buyers and financial barriers.
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