Blog Post Date April 3, 2025
By Don Almeida- Mortgage Expert and President of Happy Home Mortgage
The real estate market is full of exciting opportunities, with different generations making their mark in unique ways. Whether you’re a first-time buyer or looking to make a move, there’s good news on the horizon!
Millennials Lead the Way in Home Buying
Millennials have reclaimed their position as the largest group of home buyers! Younger millennials are eagerly stepping into homeownership, while older millennials are finding new homes to fit their evolving needs. If you’re a millennial considering buying a home, you’re in great company!
Baby Boomers Are Selling and Making Moves
For those looking to buy, the good news is that baby boomers are selling in large numbers. Many are downsizing or moving to new locations, making way for fresh opportunities in the housing market. This creates more options for buyers looking for well-loved homes in established neighborhoods.
More First-Time Buyers Are Entering the Market
It’s an exciting time for first-time home buyers! More people are taking the leap into homeownership, and the trend is growing. If you’ve been on the fence, you’re not alone. With planning and the right support, owning a home can be a reality sooner than you think.
Multigenerational Living Is Gaining Popularity
More families are choosing to live together under one roof, whether to save money, care for loved ones, or create stronger family bonds. If you’re looking for a home that accommodates multiple generations, builders and sellers are offering more options than ever before!
New Construction Homes Are on the Rise
If you dream of a brand-new home, now is a great time to explore new construction. More buyers are turning to new builds for modern layouts, energy-efficient features, and move-in-ready convenience. This trend is making homeownership even more exciting!
A Bright Future for Home Buyers
With so many positive trends in the market, the future looks bright for aspiring homeowners. Whether you’re looking for your first home, upgrading, or exploring new possibilities, there are plenty of opportunities waiting for you. Now is a great time to start your journey toward finding the perfect place to call home!
Sources:
- National Association of Realtors. “Millennials Reclaim Position as Largest Group of Home Buyers.” April 3, 2024.
- Virginia Realtors. “Takeaways from the NAR 2024 Buyers and Sellers Generational Trends Report.” May 30, 2024.
- NAR Magazine. “9 Buyer, Seller Trends Driving Home Sales.” November 4, 2024.
- Buying Space Coast. “Top 10 Insights from NAR’s 2024 Home Buyers and Sellers Report.” November 8, 2024.
