"Baby boomers accounted for 42% of all home purchases, unchanged from the prior year, according to the NAR 2026 Homebuyers and Sellers Generational Trends report."
"First-time buyers accounted for just 21% of all transactions, down from 24% a year earlier and the lowest level since the organization began tracking the data in 1981."
"For many younger households, affordability challenges and limited inventory are still making homeownership difficult to achieve."
"Older Millennials reported the highest median household income among all buyer groups at $132,700, and they also purchased the largest homes."
Baby boomers represent the largest share of homebuyers in the U.S. at 42%, unchanged from the previous year. First-time buyers have decreased to 21%, the lowest since 1981. Millennials account for 26% of buyers, down from 29%, while Gen X increased to 25%. Younger Millennials saw a significant drop in first-time purchases, with only 60% entering the market. Affordability challenges and limited inventory hinder homeownership for younger households. Older Millennials have the highest median income and are buying larger homes, leveraging their equity.
Read at www.housingwire.com
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