The National Association of Realtors (NAR) has recently released a report revealing a significant shift in the median age of homebuyers. According to the data, first-time buyers now have a median age of 38, while repeat buyers are notably older at 61 years old. This trend indicates a changing demographic landscape in the real estate market, with implications for both buyers and sellers.
Key points from the NAR report include:
– Median age of first-time buyers has increased to 38
– Repeat buyers have a median age of 61
– Shift in age demographics may impact housing market trends
– Important implications for real estate professionals and industry stakeholders
You can read this full article at: https://www.housingwire.com/articles/homebuyers-age-national-association-of-realtors-2024/(subscription required)
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