People Who Buy Houses Now

Only 24% of buyers have children under 18 living at home—an all-time low. 2. First-Time vs. Repeat Buyers

Married couples account for 61% of buyers, followed by single females ( 21% ) and single males ( 9% ).

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 people who buy houses

The residential housing market is currently defined by a "tale of two cities," where equity-rich repeat buyers dominate while first-time buyers face record-level barriers. Recent data from the National Association of REALTORS® (NAR) reveals a market shifting toward older, wealthier, and more established individuals. 1. Key Demographics & Shifts

Repeat buyers are using a median of $140,900 in gained equity from previous sales to fund their next purchase. FSBO success rates? Only 24% of buyers have children under 18

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

Buyers now plan to stay in their homes for a median of 15 years , a massive increase from the 6-year average seen in the early 2000s. Repeat Buyers Married couples account for 61% of

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