Chances are you haven’t received an invitation to a young friend’s housewarming party in a while. That is because the number of first-time home buyers is dwindling. The upshot is a potential reversal ...
The market for first-time home buyers in America is dismal. Since 2021, the annual income needed to qualify for a mortgage has increased by 60 percent, driving the median age of a first-time home ...
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, ...
“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 ...
The National Association of Realtors (NAR) reports that the typical age people purchase their first home in the U.S. has risen to an all-time high of 40 years old. First-time buyers represented only ...