Stories about NAR, its work, and its members in major media outlets.
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Last year, baby boomers were the biggest share of buyers, which means is they're buying later in life than traditionally.
A decline in existing-home sales, higher prices, and steady mortgage rates reflected America's affordability woes and undermined the spring homebuying season.
Many members of Gen X are simultaneously supporting children and parents, and so are choosing homes to accommodate multigenerational households.
Mortgage rates will likely stay between mid-6% to 7% for the first half of 2024; there's no sizable rate change expected until the later part of 2024.
Millennials surpassed baby boomers as the largest generation of home buyers, totaling 38%, whereas baby boomers made up 31% of recent home buyers.
Baby boomers surpassed millennials last year as the largest share of home buyers at 39%, a 10-point increase from 2022.
Members of the National Association of Realtors® will continue to be the most reliable partner for the millions of Americans striving to realize the American dream through homeownership.
Pending sales of previously-owned homes in the US recovered last month after declining at the start of the year, adding to evidence that the housing market is gradually improving.