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Home » Store » News » Tough Market for Younger First-Time Homebuyers

Tough Market for Younger First-Time Homebuyers

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The average age of first-time homebuyers tied a record high this year, and many potential first-time homebuyers are having difficulties finding affordable properties and saving for a downpayment, according to the National Association of Realtors. NAR’s annual profile of homebuyers and sellers found that the median age of first-timers was 32, up from 31 over the past five years. First-time homebuyers accounted for 35.0 percent of home purchases in 2016, up from a ...
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