Baby Boomers Dominate Real Estate Market with Cash Purchases, Posing Challenge for Younger Buyers

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Real Estate Market Being Won by Baby Boomers With Cash

  • Baby boomers are taking advantage of the struggling housing market by making all-cash purchases of homes.
  • Recent research from the National Association of Realtors found that 39% of all home buyers are now baby boomers.
  • Younger boomers, aged 58 to 67, are making all-cash home purchases at a rate of 32%, up from 22% in 2022.
  • Older boomers, aged 68 to 76, are making all-cash home purchases at a rate of 51%.
  • Real Estate Market Being Won by Baby Boomers With Cash

    With their $75 trillion nest egg, baby boomers are exploiting a struggling housing market by making all-cash purchases of homes. Recent research from the National Association of Realtors has found that 39% of all home buyers are now baby boomers. This trend is particularly pronounced among younger boomers, aged 58 to 67, with a 32% increase in all-cash home purchases from 2022 to 2023. Older boomers, aged 68 to 76, are also taking advantage of this trend, with 51% making all-cash home purchases.

    The Impact of Cash Purchases

    By using their wealth to make all-cash purchases, baby boomers are able to circumvent high mortgage interest rates and push cash-poor buyers aside, giving them a significant advantage in the current housing market. This trend is contributing to a shift in the dynamics of home buying, with all-cash purchases becoming increasingly prevalent among baby boomers.

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