The rising age of the American homebuyer has reached unprecedented levels, with first-time buyers now averaging 38 years old, hindering younger generations from entering the market.
Median U.S. homebuyer age jumped to 56, while first-time buyers now average 38, illustrating a stark shift as high prices push younger adults to rent instead.
Home prices have surged 39% since 2020, with a median price of $435,000, forcing many younger would-be buyers to forego ownership in favor of renting.
The inability to buy homes is forcing younger buyers to either rent or live with their parents, demonstrating a significant trend towards delayed homeownership.
Collection
[
|
...
]