🏡 Are First-Time Homebuyers Getting Older?
There’s been a lot of talk about the rising age of first-time homebuyers and the numbers might surprise you.
📊 Depending on the source:
• 40 years old (National Association of Realtors)
• 36.3 years old (Federal Reserve)
• 35 years old (Redfin/Census data)
So what’s the real answer? 🤔
The truth is—it depends on how “first-time buyer” is defined and measured.
💡 What we do know:
✔️ First-time buyers are older than they were a decade ago
✔️ Affordability challenges are a major factor
✔️ Many buyers are taking longer to save for a down payment
✔️ Homeownership is being delayed across younger generations
📉 By age 30, homeownership rates have steadily declined:
• 55% (Silent Generation)
• 48% (Baby Boomers)
• 42% (Gen X)
• 33% (Millennials)
🏠 Bottom Line:
While the exact age varies, the trend is clear—buying a first home is happening later in life, largely due to rising costs and financial hurdles.
Thinking about buying your first home? I’m here to help you navigate the process at any stage. 📩
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Check out int article here👉️ https://www.realtor.com/news/trends/first-time-homebuyer-age-studies/?cid=eml__1946:66e221571a4446d4e6969d41:rm202603161030_Marketing_Consumer_Daily_EditorialRSSDynamic
