Currently, those who are home buyers skew much older. But interestingly, in overall terms of home ownership, there has not been a huge change in age over the decades.
Home ownership by age group (US Census data)
1950s and 60s
- <age 25 20-25%
- 25-34 45-50%
- 35-44 60-65%
- 45-54 70-75%
- 55-65 70-75%
- 65+ 70%
2020 and 2025
- <age 35 38% (couldn’t find < age 25)
- 35-44 61.2% and 61.9%
- 45-54 70.6% and 70.8%
- 55-64 76% and 76.2%
- 65+ 79.2% and 79%
About 1.5-3% of homes may sell in a year – and right now, the data says those who are buying skew much older.
Markets go up and down. I just checked my own neighborhood and home values have fallen 10-12% from their recent peak. It is possible that the market clearing price in many regions may fall back to earth.
