With younger millennials stepping into homeownership for the first time and older millennials transitioning to larger homes, the younger cohort has surged ahead to become the largest group of home buyers, according to the latest report from the National Association of Realtors.
The 2024 Home Buyers and Sellers Generational Trends report results mark a significant shift in the housing market's demographic landscape.
Millennials, both younger (ages 25 to 33) and older (ages 34 to 43), now make up a combined 38% of the home-buying market, a substantial increase from 28% last year.
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
