Americans' First-Time Homebuyers Age Hits Record High Amid Housing Crisis
TL;DR Summary
The median age of first-time homebuyers in the US has risen to 40, reflecting a severe housing affordability crisis that delays wealth-building opportunities and alters societal trends, with policy changes needed to address the supply and accessibility issues.
Topics:business#economy#first-time-homebuyers#homeownership-delay#housing-affordability#housing-policy#median-age
- The housing affordability crisis is so bad that the average American first-time homebuyer is 40 years old Fortune
- Many would-be buyers are frozen out of the housing market NPR
- Ten years ago, millennials bought first homes at 31. Now, Gen Z may wait until 40 as the housing market grows increasingly out of reach Fortune
- First-Time Home Buyer Share Falls to Historic Low of 21%, Median Age Rises to 40 National Association of REALTORS®
- First-Time Home Buyers Are Older Than Ever The New York Times
Reading Insights
Total Reads
0
Unique Readers
1
Time Saved
3 min
vs 4 min read
Condensed
94%
633 → 38 words
Want the full story? Read the original article
Read on Fortune