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Fortune

Alena Botros

Baby boomers are beating millennials in a housing showdown, scooping up homes in all cash

Millennials Jessica Lautz United States Zillow Fortune NAR

(Credit: Getty Images)

Baby boomers are dipping into their cash pile after years of home value appreciation throughout the pandemic housing boom to buy smaller homes near family and friends. Millennials, on the other hand, are tapping into family money for down payments. “Baby boomers are dominating the housing market,” an economist told Fortune.

The baby boomer/millennial housing war rages on. Baby boomers are buying and selling more homes than millennials, according to the National Association of Realtors’ latest generational trends report released Tuesday.

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