The average age of U.S. homebuyers is now 56, with first-time buyers at 38 due to high costs.

The National Association of Realtors reports that the average age of U.S. homebuyers has risen to 56, with first-time buyers averaging 38 years. High home prices and borrowing costs are making homeownership increasingly difficult for younger buyers, with many relying on financial help from family. First-time buyers now represent only 24% of the market. Additionally, multi-generational living is on the rise, reflecting changing housing dynamics.

November 04, 2024
58 Articles

Further Reading