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It is. The "56" in the headline is skewed because of repeat buyers. Average age of first time buyers is 38, and that's skewed because of inflation/high interest
by WillPostForFood 2y ago
It is. The "56" in the headline is skewed because of repeat buyers. Average age of first time buyers is 38, and that's skewed because of inflation/high interest rates of the last four years. It had been very steady around 30 for the last 50 years. Also, the 30 year fixed mortgage which is not as common abroad helps, but moreso when rates are low.
- AnimalMuppet 2y agoWell, the shift from 30 to 38 for first-time buyers is still a major change, isn't it?