Starter Homes May Be a Thing of the Past

For millennial and Gen Z homebuyers, purchasing a starter home – smaller and less-expensive dwellings – may be a thing of the past as homeowners stay in their homes longer. 

Nearly 40% of Americans between the ages of 25 and 44 who bought homes last year plan to stay in them for 16 years or more, according to data from the National Association of Realtors. For homebuyers between the ages of 18 and 24, that number jumps to 48%.