Redfin: Americans Over 70 Holding More Real Estate Wealth

(Image courtesy of cottonbro studio/pexels.com)

Redfin, Seattle, reported that Americans 70-plus years old held 26% of America’s real estate wealth as of Q3 2025.

That’s just shy of the 26.1% owned by that group in Q2, which was the highest level for 70-plus year olds on record. Ten years ago, Americans in that age bracket held 21.6% of real estate wealth. Moreover, 20 years ago, they held just 16.6%.

“Breaking into homeownership wasn’t an easy feat for Baby Boomers, who faced high inflation and high interest rates. But mortgage rates then entered a decadeslong decline, fueling years of home price growth that benefited baby boomers,” said Redfin Chief Economist Daryl Fairweather. “Those home price gains, along with a rebound in mortgage rates in recent years, have pushed homeownership out of reach for many younger Americans.”

Notably, the share of real estate wealth held by 70-plus year olds surpassed that of the 40-54 cohort for the first time in Q2. In Q3, both groups held exactly 26%. Prior to that recent shift, the 40-54 age group generally held a larger share than the 70-plus group.

The 70-plus age group is the only one that has seen consistent real estate wealth gains. For 40–54-year-olds, the share dropped, from 29.3% a decade ago to 26% now.

The share held by the youngest cohort–homeowners under 40–has been largely flat over the past decade. Currently, people under 40 hold 12.6% of real estate wealth, compared with 11.9% 10 years ago.