Baby boomers have overtaken millennials as the largest share of homebuyers, making up 42% of all purchases in the past year, according to a report from the National Association of Realtors (NAR).

Millennials, who previously led home-buying trends, now account for 29%, down from 38% the previous year. NAR’s 2025 Home Buyers and Sellers Generational Trends report found that Generation X buyers remained steady at 24% of the market.

The data reflects shifting financial dynamics, as older buyers — particularly boomers — are increasingly purchasing homes outright with cash.

Boomers’ cash power, first-time buyers decline

“Baby boomers details ⇒

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