Baby boomers have surpassed millennials when it comes to home-buying in the United States, according to a new study by the National Association of Realtors (NAR).
Baby boomers—people aged 58 to 76—accounted for 39 percent of all homebuyers in 2022, compared to 29 percent in 2021. Meanwhile, millennials, who range in age from 24 to 42, experienced a drop in home-buying activity to just 28 percent last year from 43 percent in 2021.
