"With rising home prices, people might be waiting longer to buy a home, and might be waiting longer to have children, too," says Brandi Snowden, director of member and consumer survey research at NAR.
"That means that it is challenging at best, and unattainable at worst, for the typical US household to purchase a home. Child care costs and other child-related expenses take away from the amount a household can spend on a monthly mortgage payment, which may deter some families with kids from purchasing a home in today's market," she says.
"Put differently, households may first secure a home, then have kids, which means more buyers would be childless at the point of purchase. However, the climbing age of homebuyers suggests that there are fewer young buyers in the market today due to the high costs to purchase a home."
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