What would the media do without a constant stream of crises? Home buyers are getting older! Sure, we were first time buyers at 22 with a baby in tow, but that was an important value for my generation. Today? Hey, at 22 they are still hanging out in college or back packing in Europe, waiting for Joe to pay their college loans. Even at 35, a lot of young adults prefer granite countertops, a gym and a swimming pool they can get with their pricey rental. Our first home was a duplex with a dirt floor basement and no garage. You only make money in real estate if someone else is paying the mortgage.
"Repeat buyers were a median age of 58 in 2023, while first-time buyers were 35, per National Association of Realtors annual data released this week."
America's first-time and repeat homeowners are getting older (axios.com)
First home on White St. , 40+ years later--many changes.
Posts
No comments:
Post a Comment