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Housing

America's Top 10 Real Estate News: Key Trends, Sales, and Insights

Strategic Insights

— 2 min read

Baby boomers are still a dominant force in US home purchases, making up 42% of home buyers in the past year, while millennials account for 29%. This trend is highlighted by the National Association of Realtors, which also notes that 95% of buyers under 44 used a mortgage for their purchase, whereas nearly 50% of buyers over 60 were able to use cash.

Key Takeaways:

  • Baby boomers comprised 42% of home buyers in the past year, compared to 29% for millennials, according to the National Association of Realtors.
  • The Northeast performed best in both sales and price gains by percentage in the first quarter of 2025, with record-high home prices.
  • The Southern US saw declining sales and virtually no price appreciation in the first quarter of 2025.
  • Quincy Jones' LA mansion, which features 25,000 square feet, a domed living room ceiling, and five bedrooms, is for sale at $59.99 million.
  • The DeGroote family's Naples, Florida waterfront estate on 15 acres sold for $225 million, setting a record price for the Sunshine State and the second-highest US price in history.
  • Ben Affleck and Jennifer Lopez have lowered the price of their 38,000-square-foot marital home to $59.95 million after nearly a year without buyers.
  • Florida ranked 1st in economy and 2nd in education in 'U.S. News & World Report's' Best States list.
  • US home sales slowed to their slowest rate since 2019, with parts of Texas and South Florida experiencing the slowest sales markets.
  • New Yorkers moved to Florida in droves between 2018 and 2022, taking nearly $14 billion in income with them, with around 125,000 New Yorkers moving to Florida in this time period.
  • President Trump's childhood home in New York's Queens neighborhood has been vacant and turned into a neighborhood eyesore, selling for 60% less than its original price of $2.1 million.
  • Mark Wahlberg's former Beverly Hills mansion is back on the market for $68 million, featuring 30,000 square feet, a five-hole golf course, and 20 bathrooms.

Statistics:

  • 42% of home buyers in the past year were baby boomers, compared to 29% for millennials (National Association of Realtors)
  • 95% of buyers under 44 used a mortgage for their purchase (National Association of Realtors)
  • Nearly 50% of buyers over 60 used cash for their purchase (National Association of Realtors)
  • 225 million: The record price paid for the DeGroote family's Naples, Florida waterfront estate (Source: TopTenRealEstateDeals.com)
  • $59.99 million: The price of Quincy Jones' LA mansion (Source: TopTenRealEstateDeals.com)
  • $59.95 million: The price of Ben Affleck and Jennifer Lopez's marital home (Source: TopTenRealEstateDeals.com)
  • $14 billion: The amount of income taken to Florida by New Yorkers between 2018 and 2022 (Source: 'New York Post')
  • 125,000: The number of New Yorkers who moved to Florida between 2018 and 2022 (Source: 'New York Post')
  • $2.1 million: The original price of President Trump's childhood home in New York's Queens neighborhood (Source: TopTenRealEstateDeals.com)
  • 60%: The loss on the sale of President Trump's childhood home (Source: TopTenRealEstateDeals.com)
  • $68 million: The price of Mark Wahlberg's former Beverly Hills mansion (Source: TopTenRealEstateDeals.com)

Sources:

  • TopTenRealEstateDeals.com
  • National Association of Realtors
  • 'U.S. News & World Report'
  • 'New York Post'

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