News that fits you

Highlights

  • This year, the average age of first-time American homebuyers has reached a new high—38 years old
  • The typical buyer's age is now 56, up from 49 in 2023

Latest news

Trump departs for Davos forum again after switching to new plane

Trump departs for Davos forum again after switching to new plane

"Over the Moon": Meghan Trainor, Daryl Sabara welcome third child via surrogate

"Over the Moon": Meghan Trainor, Daryl Sabara welcome third child via surrogate

As World Cup Fever Peaks, BharatPe's Latest Move Has Everyone Guessing

As World Cup Fever Peaks, BharatPe's Latest Move Has Everyone Guessing

Madras HC calls Udhayanidhi Stalin's Sanatana Dharma remarks 'hate speech', quashes FIR against Malviya

Madras HC calls Udhayanidhi Stalin's Sanatana Dharma remarks 'hate speech', quashes FIR against Malviya

The "Missing Middle" of Indian Healthcare: How a New Wave of 'Doctorpreneurs' is Redefining Medical Access

The "Missing Middle" of Indian Healthcare: How a New Wave of 'Doctorpreneurs' is Redefining Medical Access

AVPN's AI Opportunity Fund Expands Regional Efforts to Build AI Skilling Infrastructure for a Future-Ready Workforce Across Asia-Pacific

AVPN's AI Opportunity Fund Expands Regional Efforts to Build AI Skilling Infrastructure for a Future-Ready Workforce Across Asia-Pacific

Taylor Swift allegedly refers to Justin Baldoni as "b****" in private text to Blake Lively: Court docs

Taylor Swift allegedly refers to Justin Baldoni as "b****" in private text to Blake Lively: Court docs

Realme P4 Power 5G First Look: 10,001mAh battery, crammed into a slim design

Realme P4 Power 5G First Look: 10,001mAh battery, crammed into a slim design

Homebuying Age Hits All-Time High in the U.S.: Who Can Afford a Home Today?

This year, the average age of first-time American homebuyers has reached a new high—38 years old, according to the National Association of Realtors (NAR). That’s up from 35 just last year

Updated: Sep 02, 2022 10:53
|

Editorji News Desk

Homebuying Age Hits All-Time High in the U.S.: Who Can Afford a Home Today?

Who is buying most of the homes in the United States these days?

If you think it's young people in their late 20s or early 30s, this news might surprise you.

This year, the average age of first-time American homebuyers has reached a new high—38 years old, according to the National Association of Realtors (NAR). That’s up from 35 just last year.

Looking at repeat buyers, their average age has also climbed, reaching 61, compared to 58 last year.

Overall, the typical buyer's age is now 56, up from 49 in 2023!

So, what’s driving this shift? Rising costs, high-interest rates, and fierce competition are keeping younger buyers out, while older, more experienced buyers are stepping in.

What’s your take on this trend? Is the dream of homeownership slipping further out of reach for young people?

ADVERTISEMENT

Up Next

Homebuying Age Hits All-Time High in the U.S.: Who Can Afford a Home Today?

Homebuying Age Hits All-Time High in the U.S.: Who Can Afford a Home Today?

IMF raises India's GDP growth projection to 7.3 pc for FY26

IMF raises India's GDP growth projection to 7.3 pc for FY26

Blinkit drops '10-minute delivery' claim; Swiggy, Zepto may follow suit

Blinkit drops '10-minute delivery' claim; Swiggy, Zepto may follow suit

Passenger vehicle dispatches rise 27 pc year-on-year in December 2025: SIAM

Passenger vehicle dispatches rise 27 pc year-on-year in December 2025: SIAM

US ambassador-designate Sergio Gor says India to be invited as full member of PaxSilica next month

US ambassador-designate Sergio Gor says India to be invited as full member of PaxSilica next month

Sensex declines 455 points on foreign fund outflows, trade-related concerns

Sensex declines 455 points on foreign fund outflows, trade-related concerns

ADVERTISEMENT

editorji-whatsApp

More videos

India projected to grow at 6.6%, resilient consumption, public investment to offset US tariffs impact: UN

India projected to grow at 6.6%, resilient consumption, public investment to offset US tariffs impact: UN

Air India takes delivery of its first line fit Dreamliner in over eight years

Air India takes delivery of its first line fit Dreamliner in over eight years

Reliance says not received any Russian oil in three weeks, none expected in Jan

Reliance says not received any Russian oil in three weeks, none expected in Jan

ATF price cut by steep 7 pc, commercial LPG rate up Rs 111 per cylinder

ATF price cut by steep 7 pc, commercial LPG rate up Rs 111 per cylinder

Tobacco and pan masala to get costlier as new excise, health cess takes effect from February 1

Tobacco and pan masala to get costlier as new excise, health cess takes effect from February 1

India imposes three-year safeguard duty on certain steel products to curb cheap imports

India imposes three-year safeguard duty on certain steel products to curb cheap imports

Govt approves package for VIL; freezes AGR dues at Rs 87,695 cr to be paid from FY32 to FY41: Sources

Govt approves package for VIL; freezes AGR dues at Rs 87,695 cr to be paid from FY32 to FY41: Sources

India revamps tax regime in 2025, new I-T Act to take effect from April 1

India revamps tax regime in 2025, new I-T Act to take effect from April 1

New Zealand commits USD 20 bn investment in India under FTA in 15 yrs; on lines of EFTA pact

New Zealand commits USD 20 bn investment in India under FTA in 15 yrs; on lines of EFTA pact

India, New Zealand conclude FTA talks; pact to offer duty-free access, USD 20 bn FDI

India, New Zealand conclude FTA talks; pact to offer duty-free access, USD 20 bn FDI

Categories

Editorji Technologies Pvt. Ltd. © 2022 All Rights Reserved.