The Typical First-Time Homebuyer Is Now 40 Years Old
Update: 2025-11-04
Description
November 4th: A New Era in American Housing - The Age of First-Time Homebuyers Skyrockets to 40This podcast episode reveals a shocking shift in the American housing market, with the average first-time homebuyer now aged 40, the highest on record. This stark contrast to the 1980s, when buyers were in their late twenties, highlights the challenges younger generations face in achieving homeownership due to high mortgage payments, rising rents, and student loan debt. The National Association of Realtors report, released on Tuesday, suggests that owning a home has become an almost unattainable luxury for many, especially post-pandemic when housing prices soared. With mortgage rates between 6-7% pushing monthly housing costs to over $3,100, first-time homebuyers now account for only 21% of home sales, a record low.
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