Baby Boomers remained the largest U.S. homebuyer segment at 42%, while first-time buyers fell to a record-low 21% in the past year, according to NAR. Millennials dropped to 26% of purchases.
“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 ...
In November, the National Association of Realtors reported that the age of first-time buyers has incrementally increased since 2010, when the typical age was 30, to hit a record high of 40. In the ...
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