From NAR
Household formation is increasing across a wide range of age groups, not just among younger buyers. Adults in their thirties, forties, and even older age groups are forming new households as life changes such as marriage, divorce, remote work, and downsizing reshape housing needs.
This trend is helping maintain housing demand even as affordability challenges continue. Many new households are choosing different living arrangements, including smaller homes, rentals, or multigenerational living, based on lifestyle and financial considerations.
For REALTORS®, this shift reinforces the importance of understanding what is driving each client’s move. Housing demand today is shaped by life transitions across all age groups, not just first time buyers.
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