Generational Tug-of-War in Housing Market: Baby Boomers vs. Millennials

It’s fascinating to watch the generational dynamics play out in today’s housing market. Baby boomers, who own over a third of all homes—many without a mortgage—are choosing to stay put and invest in renovations, with 28% holding onto larger properties. Meanwhile, millennials, who now make up the largest group of homebuyers, own just 14% of homes and are facing a real challenge: high costs and limited inventory. Having spent 23 years working with Biloxi families and investors, I see firsthand how these trends shape our local market. Whether you’re a long-time homeowner considering updates or a first-time buyer navigating tight options, understanding these shifts helps you make the best choices for your next move.