Soaring Costs and Short Supply Shut Millennials Out of Housing Market

Soaring costs and short supply shut millennials out of housing market

(The Center Square) – Baby Boomers continue to dominate the U.S. housing market, buying and selling more homes last year than any other generation, while homeownership remains out of reach for many Americans.

Soaring costs and short supply shut millennials out of housing market ...

Baby Boomers dominate housing, first-time buyers hit record low

Baby boomers remain the largest share of homebuyers in the U.S. — while first-time buyers have dropped to the lowest level on record, according to the National Association of Realtors (NAR). Boomers accounted for 42% of all home purchases, unchanged from the prior year, according to the NAR 2026 Homebuyers and Sellers Generational Trends report. Millennials made up 26% of buyers, down from 29%, while Gen X rose slightly to 25%. Gen Z and the Sil…

Share of First-Time Buyers Hits New Low as Boomers Dominate Market

The National Association of Realtors®’ (NAR) 2026 Generational Trends Report found that Gen Z—though still a fraction of the overall market—is “reshaping homeownership,” even as baby boomers remain overrepresented amid affordability challenges. Those challenges have also shrunk first-time buyer share to historically low levels. The report found that out of all buyers, only 21% were… The post Share of First-Time Buyers Hits New Low as Boomers Dom…