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During the pandemic, more young adults started living on their own, but as rents and home prices rose, that trend appears to have stalled.
The share of first-time buyers dropped to a historic low between 2023 and 2024, and the median age for first-time buyers rose to a record 38, according to NAR's latest profile of buyers and sellers.
Multigenerational living, which is more prevalent among non-White and Hispanic households, hit a record high in NAR's 2024 consumer survey.