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America’s first-time homebuyer is now 40 years old. A shocking new report explains why

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Why This Matters

This trend highlights the growing financial challenges faced by young Americans in achieving homeownership, driven by rising housing costs. For the tech industry, it underscores the importance of innovative solutions like affordable housing platforms and financial technology to address housing affordability and support younger consumers. For consumers, understanding these dynamics can inform smarter financial and housing decisions in a competitive market.

Key Takeaways

New data shows one-third of Americans under 35 live at home as soaring home prices and rents make independence harder to afford. The dinner table in many family homes was a bit crowded again in 2025 as a record 25.2 million adults under the age of 35 were living with their parents, even more than the pandemic-era peak, according to a new report released Thursday by Realtor.com.