The average age of U.S. homebuyers jumps to 56—homes are 'wildly unaffordable' for young people, real estate expert says ( www.cnbc.com )

AmidFuror , 6 months ago

That's just a nonsensical metric to use to track the impact on young buyers. The fact that it has risen from 49 in the past year means there is something big going on, but what an indirect way to track it!

The median age of first-time buyers also rose from 35 to 38, while the share of first-timers dropped from 32% to 24% of all buyers for the year ending July 2024.

Median is better, and the fraction of first timers is an indicator. Would be best to know the median age of first timers.