Buying a first home has long been seen as a milestone of early adulthood, but recent data has sparked debate over whether that age is shifting. The National Association of Realtors reported the median age of first-time buyers hit 40 in 2023, fueling concerns about affordability.
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Claim That First Time Home Buyers Are 40 Refuted
Yet new analysis from Redfin suggests the figure is closer to 35, a slight decrease from the year before. Economists argue the NAR survey may exaggerate the trend, while census and mortgage data show only modest increases. Millennials still lag behind boomers in homeownership, but the “death of the thirtysomething buyer” may be overstated.
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