Baby boomers buying more homes than millennials

Move over, Millennials — Baby Boomers are now leading the way in the housing market. According to the National Association of Realtors, Americans aged 60 to 78 now make up 42% of homebuyers, compared to just 29% for Millennials—despite Millennials being the country’s largest generation. Many Boomers are buying with cash, having built up significant equity and benefiting from decades of home appreciation. Meanwhile, younger buyers are facing high rents, student loan debt, and rising childcare costs, making it tougher to afford a down payment. FOX 5's Linda Schmidt speaks with realtors and economists to break down the generational shift and what it means for the housing market.