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The typical first-time homebuyer was 40 last year, a historic high, according to National Association of Realtors data cited by Stateline. A separate report says the median buyer was 58 and a record 10% of first-time buyers paid cash, underscoring a market where younger and less-wealthy buyers face barriers.
HOW THIS BRIEF WAS MADE 4 outlets: 3 national · 1 trade press. Automated sourcing and summaries by the BLUF engine. Corrections
High prices and interest rates make buying a home harder for younger households, while cash buyers may have an advantage. The reports describe a nationwide housing affordability issue affecting prospective buyers and the housing market.