When First-Time Buyers Are 40: What the Data Says About Today’s Market
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When First-Time Buyers Are 40: What the Data Says About Today’s Market
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The numbers are in, and they tell a powerful story. The median first-time buyer is now 40 years old, just 21% of buyers are entering the market for the first time, and down payments for first-time buyers have climbed to 10%. What’s driving these trends, and what does it mean for the future of homeownership? I’m connecting the dots between record setting stats and the growing talk of 50-year mortgages as buyers stretch to make ownership possible.
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