Americans between the ages of 35 and 64 were most likely to buy a home upon their next move, according to a national representative survey conducted in July 2023. Over 70 percent of respondents from this age group shared they would buy their next home, while for the youngest generation (18 to 34) this percentage stood at 54 percent. That can be explained with the many challenges first-time buyers face as they enter the housing market, including saving up for a down payment, finding a suitable property, or securing a mortgage.
Share of individuals who expect to buy a home upon their next move in the United States from January 2011 to July 2023, by age group
Characteristic
18 to 34
35 to 44
45 to 64
Over 65
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Fannie Mae. (August 7, 2023). Share of individuals who expect to buy a home upon their next move in the United States from January 2011 to July 2023, by age group [Graph]. In Statista. Retrieved July 22, 2024, from https://www.statista.com/statistics/1407582/homebuyers-share-upon-next-move-usa-by-age/
Fannie Mae. "Share of individuals who expect to buy a home upon their next move in the United States from January 2011 to July 2023, by age group." Chart. August 7, 2023. Statista. Accessed July 22, 2024. https://www.statista.com/statistics/1407582/homebuyers-share-upon-next-move-usa-by-age/
Fannie Mae. (2023). Share of individuals who expect to buy a home upon their next move in the United States from January 2011 to July 2023, by age group. Statista. Statista Inc.. Accessed: July 22, 2024. https://www.statista.com/statistics/1407582/homebuyers-share-upon-next-move-usa-by-age/
Fannie Mae. "Share of Individuals Who Expect to Buy a Home upon Their next Move in The United States from January 2011 to July 2023, by Age Group." Statista, Statista Inc., 7 Aug 2023, https://www.statista.com/statistics/1407582/homebuyers-share-upon-next-move-usa-by-age/
Fannie Mae, Share of individuals who expect to buy a home upon their next move in the United States from January 2011 to July 2023, by age group Statista, https://www.statista.com/statistics/1407582/homebuyers-share-upon-next-move-usa-by-age/ (last visited July 22, 2024)
Share of individuals who expect to buy a home upon their next move in the United States from January 2011 to July 2023, by age group [Graph], Fannie Mae, August 7, 2023. [Online]. Available: https://www.statista.com/statistics/1407582/homebuyers-share-upon-next-move-usa-by-age/