“Both the Silent Generation, the eldest Americans born between 1925 and 1945, and Gen Z, who were born between 1999 and 2011, made up the smallest share at 4% each.”

“Younger millennials — those born between 1990 and 1998 — made up the largest share of first-time buyers over the past year, at 60%. That marks a loss in market share, as that figure is down from the 71% tallied the previous year.”

“Older millennials, meanwhile — born between 1980 and 1989 — are moving their way up in the world, and that’s manifesting in home purchases. The report says they have the highest median household income of any generation at roughly $133,000, purchased the largest dwellings with a median 2,100 square feet and were less likely to be first-time buyers than younger millennials.”

“Empty-nesters in that generation own more than a quarter of the nation’s largest homes — making it difficult for millennials with children to find family-size dwellings. The younger generation only own some 16% of large homes with three bedrooms or more.”