There have never been as few first-time buyers in the housing market, and the typical first-time buyer has never been as old ...
The National Association of Realtors' annual report surveying homebuyers and sellers also found that buyers' household ...
The typical first time homebuyer is now 38 years old, a record high, according to the National Association of Realtors.
Over the last year, as home prices inched toward new highs and the 30-year mortgage rate stayed firmly above 7%, first-time buyers have been relegated to the sidelines, with the share of homes sold to ...
They have a median age of 38, up from 35 in 2023. By comparison, first-time homebuyers in the 1980s were usually in their ...
A record high 26% of buyers paid cash for their home and 17% purchased a multigenerational home, according to NAR’s new 2024 buyers and sellers profile.
First-time home buying has hit an all time low, and the average first-time home buyer is older than ever, according to the ...
First-time home buyers now represent a record-low 24% of the U.S. housing market, with affordability barriers driving up the ...
The increasing age of homebuyers is likely due to several factors, according to an economist with the National Association of ...
According to NAR's survey, buyers in 2024 are not only older, but wealthier: the income for first-time homebuyers has hit an all-time high of $97,000 in 2023 (up from 95,500 the year before), while ...
The 2024 Profile of Home Buyers and Sellers from the National Association of Realtors looked at transactions from July 2023 to June 2024. The share of first-time home buyers during that period ...
The National Association of Realtors' newly released 2024 Profile of Home Buyers and Sellers report reveals a historic low in ...