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flag The average age of US homes rose to 41 years in 2023, up from 31 in 2005, impacting affordability and maintenance needs.

flag The median age of owner-occupied homes in the US rose to 41 years in 2023 from 31 years in 2005, reflecting reduced new home construction after the Great Recession. flag This trend has worsened affordability, with many considering older, potentially cheaper homes. flag However, older homes often need significant maintenance, while newer homes, though pricier, tend to be more energy-efficient and have lower ongoing costs.

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