U.S. Homebuyers and Sellers Are Older Than Ever, Shaping the Market

The average age of first-time homebuyers in the U.S. has reached a record high of 38, reflecting challenges in the real estate market such as high home prices, a housing shortage, and increased competition from wealthier buyers. The share of first-time buyers has decreased to 24%, the lowest since 1981. Factors like high rent costs and debt-to-income ratios are making it difficult for younger adults to save for a home. Meanwhile, repeat buyers, often older and wealthier, dominate the market, benefiting from home equity.