Baby boomers have overtaken millennials (the largest U.S. population) to become the top generation of home buyers … half of older boomers and 2 out of 5 younger boomers are purchasing homes entirely with cash. This certainly impacts the consideration for accepting an offer to purchase a property by a Seller.
In February 2025, recent NAR data has shown that all-cash home sales remain at historical highs, comprising 32% of transactions.
America’s Baby Boomer Generation (60 and 78 years of age) are commanding a sizable presence in the recent housing market. They have regained their top spot as the largest share of home sellers AND buyers driving the housing market.
They accounted for:
42% of Buyers
53% of Sellers
The recent statistics for those who financed their home purchase are:
90% of buyers 44 years and younger
49% of baby boomers needed a mortgage to purchase their next home.
We have seen this in our local markets as well.
HERE IS WHAT BUYERS WANT MOST FROM REAL ESTATE AGENTS
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Having the right REALTOR® on your side is key to a successful real estate transaction. Our core values are to always operate with integrity, passion, consistent communication, and tenaciousness in our mission of EXCELLENCE when serving our clients. Contact Zina to learn how recent market trends might impact you.