For the first time on record, the median age of a first-time homebuyer in America is 40 years old, up from 38 last year. That milestone isn’t just a housing statistic. It’s a warning sign for the ...
What’s a few years here or there? The National Association of Realtors (NAR) grabbed all the headlines when it reported recently that the median age of first-time home buyers has reached 40-years-old.
“It’s kind of a shocking number,” said an economist with the National Association of Realtors. By Julia Carpenter The path to homeownership continues to get longer, with the median age of first-time ...
Demand from first-time home buyers has hit record lows with mortgage rates stuck near 7%. One corner of the market shows it is worryingly weak even with rates at 5%. Big home builders such as D.R.
For many first-time buyers, starter homes feel like an endangered species. In hundreds of cities nationwide, so-called starter homes now cost $1 million or more.¹ Even in areas where prices are lower, ...
Builders and lenders are increasing incentives like grants, price reductions, and mortgage rate buy-downs for first-time buyers in 2026. NAR sees these trends as key to improved affordability. AI ...
The rising age of first-time homebuyers has dominated discussion of the housing market in recent months—and multiple sources offer varying estimates of how old the typical first-time buyer really is.
Some first-time home buyers, facing high interest rates, are trading their metropolitan lifestyles for lower-cost living. Mason Snow and his wife left California’s second most populated city for a ...
Four years ago, the median age at which people purchased their first home in the U.S. was 33 years old. Now the age has sharply increased to 40 years old, a record high, according to a National ...