3 ms·
If we look at the actual report https://www.nar.realtor/research-and-statistics/research-reports/highlights-from-the-profile-of-home-buyers-and-sellers https:/
by trhway 2y ago
If we look at the actual report
https://www.nar.realtor/research-and-statistics/research-reports/highlights-from-the-profile-of-home-buyers-and-sellers https://www.nar.realtor/research-and-statistics/research-rep...
the first-time homebuyers age moved up from the historically typical 33 to the current 38 only in the last 3 years which is not surprising given that the rates and thus mortgage payment jumped 2x times while all the other prices and thus expenses also jumped.
I anything the graph tells that the repeat buyers' situation has been worsening over the last 4 decades - from 36 years age to 61 - while the first buyers' one hadn't changed that much - 29 in 1981 to 33 in 2021 - until the last 3 years. So it is more of the story of worsening situation of the middle class.