Baby boomers and millennials are competing for homes. Guess who has the upper hand?

The red-hot housing market during the Covid-19 pandemic may be driven more by long-term demographic trends — and that has pitted different generations against each other. Despite millennials being the biggest single generation in the housing market, buyers are increasingly older. The median age of homebuyers over the past year was 44 in 2019, up from 40 in 2009, according to new Zillow research. The trend was driven in part by buyers who are 60 years or older, whose share of homebuyers had risen…Original Article