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.
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