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
Current buyers are prioritizing stability and community over job proximity. people who buy houses
Market Trend Report: The Changing Profile of Home Buyers (2025–2026) A widening divide exists between those entering the
For younger buyers, debt remains a major hurdle; 39% of Younger Millennials report student loans with a median balance of $30,000 . Market Trend Report: The Changing Profile of Home
The top priority is neighborhood quality (59%), followed by proximity to family (47%). Proximity to work has declined in importance to 31%.
For those under 59, the primary reason is the desire to own a home . For those 60+, it is being closer to friends and family .