Americans between the ages of 45 and 64 were most likely to buy a home upon their next move, according to a national representative survey conducted in August 2024. About 77 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 58 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 August 2024, by age group
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Fannie Mae. (September 9, 2024). Share of individuals who expect to buy a home upon their next move in the United States from January 2011 to August 2024, by age group [Graph]. In Statista. Retrieved November 10, 2024, from https://www-statista-com.ezproxy.canberra.edu.au/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 August 2024, by age group." Chart. September 9, 2024. Statista. Accessed November 10, 2024. https://www-statista-com.ezproxy.canberra.edu.au/statistics/1407582/homebuyers-share-upon-next-move-usa-by-age/
Fannie Mae. (2024). Share of individuals who expect to buy a home upon their next move in the United States from January 2011 to August 2024, by age group. Statista. Statista Inc.. Accessed: November 10, 2024. https://www-statista-com.ezproxy.canberra.edu.au/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 August 2024, by Age Group." Statista, Statista Inc., 9 Sep 2024, https://www-statista-com.ezproxy.canberra.edu.au/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 August 2024, by age group Statista, https://www-statista-com.ezproxy.canberra.edu.au/statistics/1407582/homebuyers-share-upon-next-move-usa-by-age/ (last visited November 10, 2024)
Share of individuals who expect to buy a home upon their next move in the United States from January 2011 to August 2024, by age group [Graph], Fannie Mae, September 9, 2024. [Online]. Available: https://www-statista-com.ezproxy.canberra.edu.au/statistics/1407582/homebuyers-share-upon-next-move-usa-by-age/
