The "typical" home buyer is no longer a young family starting out. Significant demographic shifts include:
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
Married couples account for 61% of buyers, followed by single females ( 21% ) and single males ( 9% ). The "typical" home buyer is no longer a
Baby Boomers (ages 60–78) remain the largest group, making up 42% of all buyers. people who buy houses
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