All articles tagged with #median age
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.
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.