New data about 2015 home buyers will be out later this week.
Most of what we know about home buyers comes from the Profile of Home Buyers and Sellers released by the National Association of Realtors® each November. The Profile is based on a comprehensive survey targeted at recent home buyers and sellers. The 2015 Profile of Home Buyers and Sellers will be released this week (Thursday, November 5, 2015), and it will be full of the latest insights on this past year’s home buyers.
The government also surveys people to gather information. In fact, the recently released American Community Survey (ACS) gathered information from roughly 3 million people across the country. While the ACS does not specifically target recent home buyers, we can get a decent approximation of recent “home buyers” by looking at data for those who currently own their own home and moved into the residence within the last year. In the rest of the article, we will use the term “home buyers” to refer to these owners who recently moved.
Digging into the ACS data on recent home buyers by age, we find that older home buyers are a bigger share of the market. The shares in the 50+ age brackets are larger in 2014 than they were in 2005. These shares have grown while the shares of buyers in the under 30 and 35 to under 50 age groups have shrunk since 2005. The promise of the millennial buyer is seen in the recently growing share of those aged 30 to under 35.
 Current home owners could have been gifted the residence that they own, could have married into ownership, or could have previously purchased the property and used it as a second or investment home before moving into the property as a primary residence, so this definition is not an exact match for recent home buyers, but it is a good approximation.