Current buyers are prioritizing stability and community over job proximity.
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
The residential housing market is currently defined by a "tale of two cities," where equity-rich repeat buyers dominate while first-time buyers face record-level barriers. Recent data from the National Association of REALTORS® (NAR) reveals a market shifting toward older, wealthier, and more established individuals. 1. Key Demographics & Shifts Current buyers are prioritizing stability and community over
The "typical" home buyer is no longer a young family starting out. Significant demographic shifts include: Key Demographics & Shifts The "typical" home buyer
Only 24% of buyers have children under 18 living at home—an all-time low. 2. First-Time vs. Repeat 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