U.S. Homebuyers and Sellers Reach Record High Ages Amid Affordability Crisis

The median age of first-time homebuyers has reached a record high of 38 years, highlighting the financial challenges in entering the housing market, according to the National Association of Realtors. Despite an increase in household income, the share of first-time buyers has dropped to 24%, the lowest since 1981, due to factors like high inflation, student debt, and competitive cash offers. The median age for all homebuyers also rose, with repeat buyers benefiting from larger down payments due to increased home equity.