U.S. Homebuyer Age Rises

This is a U.S. news story, published by CNBC, that relates primarily to the National Association of Realtors' news.

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CNBC

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

Summary

Nutrition label

84% Informative

The average age of homebuyers in the U.S. is now 56 , up from 49 in 2023 , according to the National Association of Realtors' annual state-of-the-market report.

The median age of first -time buyers also rose from 35 to 38 .

Younger buyers struggle to save for a down payment while juggling student loan debt and high rent prices.

VR Score

Informative language

Neutral language

Article tone

formal

Language

English

Language complexity

Offensive language

not offensive