People Who Buy Houses Guide

The top priority is neighborhood quality (59%), followed by proximity to family (47%). Proximity to work has declined in importance to 31%.

For younger buyers, debt remains a major hurdle; 39% of Younger Millennials report student loans with a median balance of $30,000 .

Baby Boomers (ages 60–78) remain the largest group, making up 42% of all buyers. people who buy houses

NAR 2025 Profile of Home Buyers, Sellers Reveals Market Extremes

Current buyers are prioritizing stability and community over job proximity. The top priority is neighborhood quality (59%), followed

For those under 59, the primary reason is the desire to own a home . For those 60+, it is being closer to friends and family .

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 Baby Boomers (ages 60–78) remain the largest group,

The "typical" home buyer is no longer a young family starting out. Significant demographic shifts include: