Affordability Pushes First-Time Buyers Toward the Back of the Line
TL;DR
U.S. homebuyers are entering the market later in life: the age of first-time buyers has risen from 30 in 2010 to a record 40, while repeat buyers average 62, driven by affordability constraints and a tight housing supply.
- Buyers are entering housing market later in life The Washington Post
- ‘I paid $15k in 1960′: Older Americans now hold more real estate wealth than ever as younger buyers fall behind News4JAX
- In Charlotte, homeownership feels out of reach WCNC
- Average first-time buyer age rises by two years as nation taking longer to get on the property ladder GoCompare News
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