Loading...
Loading...
Browse all stories on DeepNewz
VisitWhich age group will have the highest proportion of homebuyers in the US in 2025?
18-35 • 25%
36-55 • 25%
56-70 • 25%
71 and above • 25%
National Association of Realtors (NAR) annual report
US Homebuyer Age Hits Record High, First-Time Buyers at Record Low of 24%
Nov 9, 2024, 08:13 PM
The age of homebuyers in the U.S. has reached an all-time high, with the typical homebuyer now 56 years old. High home prices, limited inventory, and elevated mortgage rates are contributing factors pushing many first-time buyers out of the market. As a result, only 24% of home purchases between July 2023 and June 2024 were made by first-time buyers, a record low. The median age of first-time homebuyers is now 38 years old, indicating that they are saving for longer periods before purchasing homes. The average age of move-up buyers is 61, and the drop in first-time homebuyers marks a historical low back to 1981.
View original story
Increase • 33%
Decrease • 33%
Stay the same • 34%
Less than 56 • 25%
56 • 25%
57 • 25%
58 or more • 25%
56 or below • 25%
57-59 • 25%
60-62 • 25%
63 or above • 25%
Decrease • 33%
Stay the same • 34%
Increase • 33%
Less than 20% • 25%
20% to 24% • 25%
25% to 29% • 25%
30% or more • 25%
Decrease • 33%
Stay the same • 34%
Increase • 33%
Less than 60 • 25%
60 • 25%
61 • 25%
62 or more • 25%
Below 20% • 25%
20% to 24% • 25%
25% to 29% • 25%
30% or above • 25%
High home prices • 25%
Limited inventory • 25%
Elevated mortgage rates • 25%
Other • 25%
Increase • 25%
Data not available • 25%
Remain the same • 25%
Decrease • 25%