For younger buyers, debt remains a major hurdle; 39% of Younger Millennials report student loans with a median balance of $30,000 .
Roughly 14%–17% of buyers are purchasing homes to accommodate multiple generations, often to care for aging parents or save on costs. 4. Financial Barriers & Advantages people who buy houses
A record 26%–30% of buyers paid all cash, bypassing high mortgage rates and gaining a competitive edge. For younger buyers, debt remains a major hurdle;
Current buyers are prioritizing stability and community over job proximity. Financial Barriers & Advantages A record 26%–30% of
Only 24% of buyers have children under 18 living at home—an all-time low. 2. First-Time vs. Repeat Buyers
Baby Boomers (ages 60–78) remain the largest group, making up 42% of all buyers.
A widening divide exists between those entering the market and those leveraging existing home equity. First-Time Buyers Repeat Buyers 21% (Historic Low) Median Age Median Down Payment Financing Type Mostly financed (90%+) ~30% All-Cash 3. Purchasing Behavior & Preferences