@fox5newyork: Move over, Millennials — Baby Boomers are now leading the way in the housing market. According to the National Association of Realtors, Americans aged 60 to 78 now make up 42% of homebuyers, compared to just 29% for Millennials—despite Millennials being the country’s largest generation. Many Boomers are buying with cash, having built up significant equity and benefiting from decades of home appreciation. Meanwhile, younger buyers are facing high rents, student loan debt, and rising childcare costs, making it tougher to afford a down payment. What does this generational shift mean? And what does it means for the housing market?

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Sunday 06 April 2025 23:21:13 GMT