Thursday, April 10, 2025

GENERATIONAL TRANSITIONS & TRENDS IN HOUSING

AARP URGES UNIVERSAL DESIGN AND INCLUSIVE HOMES

A look at trends, research and best practices can paint a picture of where we are now and how we can strive to make places—both inside and outside the front door—that serve our housing needs with dignity, inclusion and flexibility.

Dr. Jessica Lautz, NAR deputy chief economist and vice president of research, said the notable rise in younger homebuying is attributed to both younger (ages 25 to 33) millennials stepping into homeownership for the first time and older (ages 34 to 43) millennials transitioning to larger homes that suit their evolving needs.

“The big takeaway: that millennials as the biggest buyers is slightly counterintuitive because we know the struggles they have had with lack of stock, affordability and high cost,” she said.

“As Gen Z sneaks into the housing market in single digits, they are more likely to be a single woman and more likely to identify as a LBGTQ+ buyer.

As the desire to be a homeowner grows in Gen Z, we will see more diverse homebuyers.”

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