First-Time Homebuyers Reach Record Low as Baby Boomers Dominate Housing Market
First-time homebuyers accounted for only 21% of homebuyers in 2025, the lowest since 1981, while baby boomers dominated as both buyers and sellers. Affordability challenges and limited inventory are making homeownership difficult for younger generations, according to the National Association of Realtors®.
Topics: affordability baby boomers first-time buyers housing market trends net worth