The average age of homebuyers in the United States reached an all-time high of 56 years in 2024, up from 49 in 2023, according to the National Association of Realtors.
Recorded from July 2023 to July 2024, the average age of first-time buyers also rose from 35 to 38, and from 58 to 61 for repeat buyers.
In my area, suburban Chicago, there is a middle aged single woman as a buyer for every family with children. Lots of empty nest families now, too.
ReplyDeletemiddle aged single woman & cats
DeleteLots of young males are living till 40 in their parent's cellars
ReplyDeleteThe first home I bought was a 12'x65' trailer. I was about twenty-two. I had a 72 Cuda paid for and they used that as collateral. Never had another man or woman sign papers for me to buy something. I kept it for five years then sold it and moved on to a house. I reckon I've had about six houses one that I built of log cut and milled in the Shenandoah Valley. Some folks prefer to rent. To each his own.
ReplyDelete"prefer to rent" riiiight.
DeleteTell us you know nothing about the housing market, and have absolutely no desire to learn before opining... without telling us.
A shitty development was completed a couple miles away from my private neighborhood (private road, literally 8 houses, with a private bridge to cross to enter). I watched the fucking OSB getting put up, the "yards" are less than 20sqft, and they're all connected, like shitty townhomes with a glorified dog run in back. Guess how much the rent is. Seriously. Guess!
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$2,800 a month. Plus utilities. For a fucking hamster cage, in formerly rural North Carolina! And my house, which I paid $350k for two decades ago? It's valued at over half a million dollars now.
The housing market is distorted beyond the comprehension of people who bother to actually study it, much less your wilfully ignorant ability to grasp it.
You really think the millennials and Gen Z have the lowest home ownership rate of any previous generation...because they prefer renting?! Stop using crack, it's melting your brain.
I prefered to rent until after I got married, anon. I didn't want to be tied down and I didn't want to deal with repairs or improvements when I was working 80+ hours a week.
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