Omaha Home Buyers are Changing
- Morgan Putnam
- Mar 13
- 2 min read
š” Rethinking Homeownership: Embracing Diverse Paths to Your Dream HomeĀ š”
Gone are the days when buying a home meant a nuclear family with 2.5 kids and a white picket fence. Today's homebuyers are redefining what it means to own a home, embracing diverse and innovative paths to achieve their dreams. Let's explore some of these exciting trends:
1. Multigenerational Living: Family Under One Roof
More families are choosing to live together across generations, combining resources and strengthening bonds. In 2024, 17% of home purchases were multigenerational, the highest proportion since 2013. The top reasons? Cost savings (36%), caring for aging parents (25%), and adult children moving back home (21%).
2. Single and Ready to... Buy!
Single women are making their mark in the housing market, accounting for nearly one-sixth (15%) of all home purchases. Their determination and independence are reshaping the buyer landscape.
3. Unmarried Couples: Partnering in Property
Love and mortgages without the marriage certificate? Absolutely! One in 14 home purchases are now made by unmarried couples, and among first-time buyers, this rises to 13%. It's all about building a future together, on their terms.
4. The Rise of the Seasoned Buyer
The typical age of first-time homebuyers has climbed to 38, reflecting the challenges of today's market. Among all buyers, the median age has risen to 56, with repeat buyers averaging 61 years old. This shift highlights the evolving journey to homeownership.
5. Financial Support: Family Steps In
With rising housing costs, many first-time buyers are receiving financial assistance from family. In 2024, 26% of younger buyers used family funds for down payments, up from 18% in 2019.
6. The 'Sandwich Generation': Balancing Care
Middle-aged adults are juggling care for both aging parents and their own children. Among those purchasing multigenerational homes to care for aging parents, 29% also have children under 18 in the household.
The prototype of the Omaha Home Buyers are Changing, embracing diversity and adaptability. Whether you're buying solo, with a partner, or as a family unit, remember: there's no one "right" way to achieve homeownership. Explore all your options and find the path that suits your unique journey. š āØ
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