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

Former Prime Minister Manmohan Singh passes away at 92

Former Prime Minister Manmohan Singh passes away at 92

Pakistan confirms airstrikes targeting militants' hideouts in Afghanistan, Kabul terms it 'brutal act'

Pakistan confirms airstrikes targeting militants' hideouts in Afghanistan, Kabul terms it 'brutal act'

'Baby John' earns Rs 11 crore on opening day

'Baby John' earns Rs 11 crore on opening day

Govt planning to send human into deep sea in early 2026: Union Minister Jitendra Singh

Govt planning to send human into deep sea in early 2026: Union Minister Jitendra Singh

Banking frauds rise in H1FY25, amount involved jumps 8-time: RBI report

Banking frauds rise in H1FY25, amount involved jumps 8-time: RBI report

Pakistan military courts sentenced another 60 civilians to prison terms ranging from 2 to 10 years

Pakistan military courts sentenced another 60 civilians to prison terms ranging from 2 to 10 years

King Charles commemorates Commonwealth soldiers in Christmas message

King Charles commemorates Commonwealth soldiers in Christmas message

China approves world's largest dam over Brahmaputra river close to Indian border

China approves world's largest dam over Brahmaputra river close to Indian border

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

Video Player is loading.
Current Time 0:01
Duration 0:55
Loaded: 14.32%
Stream Type LIVE
Remaining Time 0:54
 
1x
    • Chapters
    • descriptions off, selected
    • captions off, selected
    • default, selected

    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?

    real estate

    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?

    Banks can charge over 30% interest on credit card dues: Supreme Court

    Banks can charge over 30% interest on credit card dues: Supreme Court

    Rupee plunges 12 paise to close at new all-time low of 85.27 against US dollar

    Rupee plunges 12 paise to close at new all-time low of 85.27 against US dollar

    India Cements promoter N Srinivasan steps down as UltraTech completes acquisition

    India Cements promoter N Srinivasan steps down as UltraTech completes acquisition

    TRAI Mandates Voice and SMS-Only Recharge Plans: A Game-Changer for Indian Telecom Users

    TRAI Mandates Voice and SMS-Only Recharge Plans: A Game-Changer for Indian Telecom Users

    Healthy FDI inflows into India to continue in 2025

    Healthy FDI inflows into India to continue in 2025

    ADVERTISEMENT

    editorji-whatsApp

    More videos

    NFRA penalises Deloitte Haskins & Sells LLP, 2 auditors for lapses in ZEEL

    NFRA penalises Deloitte Haskins & Sells LLP, 2 auditors for lapses in ZEEL

    Asian Markets Edge Higher Amid Dollar Strength and Holiday Calm

    Asian Markets Edge Higher Amid Dollar Strength and Holiday Calm

    Oil Prices Edge Higher Amid Strong U.S. Economic Data, Rising Indian Demand

    Oil Prices Edge Higher Amid Strong U.S. Economic Data, Rising Indian Demand

    Nifty 50, Bank, FMCG Lead Gains; Auto Sector Declines – Market Update December 23, 2024

    Nifty 50, Bank, FMCG Lead Gains; Auto Sector Declines – Market Update December 23, 2024

    Stock Market Roundup: December 23, 2024 - U.S. Markets Lead, Europe Shows Stability, Asia Gains

    Stock Market Roundup: December 23, 2024 - U.S. Markets Lead, Europe Shows Stability, Asia Gains

    Nifty 50 Stock Analysis – December 23, 2024: Key Losses and Technical Insights

    Nifty 50 Stock Analysis – December 23, 2024: Key Losses and Technical Insights

    Top Nifty 50 Gainers on December 23, 2024: Technical Analysis of JSWSTEEL, ITC, HINDALCO, TRENT, and HDFC

    Top Nifty 50 Gainers on December 23, 2024: Technical Analysis of JSWSTEEL, ITC, HINDALCO, TRENT, and HDFC

    Indian Stock Market stage sharp recovery after five days of fall

    Indian Stock Market stage sharp recovery after five days of fall

    India has potential to be key sustainable aviation fuel producer: IATA

    India has potential to be key sustainable aviation fuel producer: IATA

    Market Cap of India's top-10 most valued firms slumps Rs 4.95 lakh Crore

    Market Cap of India's top-10 most valued firms slumps Rs 4.95 lakh Crore

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