Older Homeowners Drive U.S. Housing Market with Substantial Equity
The U.S. housing market is increasingly being driven by buyers and sellers over the age of 60, according to the National Association of REALTORS®' 2026 Profile of Home Buyers and Sellers. The median age of home sellers reached 63 this year, a significant increase from 47 in 2005. Similarly, the median age of returning home buyers remains at an all-time high of 62. These older homeowners have accumulated substantial equity through years of home price appreciation, giving them a financial advantage. Many are using this equity to make all-cash purchases or larger down payments, with 30% of repeat buyers paying cash. The average homeowner has held their property for a record 12 years before selling, allowing for significant wealth accumulation. This trend highlights a 'K-shaped housing market' where repeat buyers, particularly baby boomers, are successful due to their existing housing equity.
