According to a recent NAR research report, baby Boomers Overtake Millennials as Largest Homebuying Generation. 

Baby boomers have now overtaken millennials as the largest generation of homebuyers, according to a new report from the National Association of Realtors®. The report, which examines recent homebuyers and sellers across generations, found that the combined share of younger and older boomer buyers rose to 39% in 2022, up from 29% the previous year. In contrast, younger and older millennials' combined share fell from 43% in 2021 to 28% in 2022.

First-Time Buyers 

The report also found that first-time buyers comprised 26% of all buyers, the lowest since NAR began tracking the data. Generation Z, ages 18 to 23, now makes up 4% of homebuyers, with 30% of those buyers moving directly from a family member's home into homeownership.

Purchasing Homes Through a Real Estate Agent 

Overall, buyers moved a median of 50 miles when relocating, up from 15 miles the previous year. The report also found that 86% of all buyers purchased their homes through a real estate agent, with younger boomers (ages 58 to 67) and Generation X (ages 43 to 57) being the most likely to use an agent.

If you're looking to buy or sell a home in Nebraska, Nebraska Realty can help. Our experienced agents can guide you through the entire process, from finding the right home to negotiating the terms of the sale. We understand that buying a home is a significant investment, and we're committed to helping you make informed decisions every step of the way.

Whether you're a first-time homebuyer or an experienced investor, we have the expertise and knowledge to help you achieve your real estate goals. Contact us today to learn more about how we can help you find the home of your dreams.