Home buying has been on the decline, with 2025 expected to be the worst year since 1995, according to real estate brokerage site Redfin. “Economic jitters and high housing costs” are behind the sluggish home market, says Refin’s head of economics research, Chen Zhao.

Washington, DC think tank The Urban Institute also says that not only has homeownership decreased overall, but 35- 44-year-olds are 10.8% less likely to be homeowners today than they were in 1980.