The article discusses the increasing median age of first-time and repeat homebuyers in the U.S. First-time homebuyers have shifted from a median age of 28 in 1991 to 38 by 2024, while repeat buyers have seen an increase from 42 to 61. This trend is attributed to a combination of delayed life events, strained housing affordability, and an aging population, particularly among the baby boomer generation. Both first-time and repeat buyers are navigating these challenges differently, with older homeowners less impacted by rising mortgage rates due to their equity holdings.
Older now than ever before, first-time and repeat homebuyers are reflecting long-term trends in delays related to life events, affordability, and population aging.
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