Median Age of First-Time Homebuyers Reaches Record High of 40
TL;DR Summary
The median age of first-time homebuyers in the US has increased to 40 due to high home prices and mortgage rates, leading to delayed homeownership and a significant decline in first-time buyer market share to 21%, the lowest since 1981. This shift could result in Americans losing approximately $150,000 in home equity over a lifetime, with older, wealthier buyers dominating the market.
Topics:business#first-time-buyers#homeownership#housing-prices#median-age#mortgage-rates#real-estate
- US Median First-Time Homebuyer Age Now at Record-High of 40 Bloomberg.com
- The Typical First-Time Homebuyer Is Now 40 Years Old Yahoo Finance
- First-time homebuyers are older than ever Axios
- First-time home buying hit a historic low, experts say. What about on Long Island? Newsday
- First-Time Home Buyer Share Falls to Historic Low of 21%, Median Age Rises to 40 National Association of REALTORS®
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