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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

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

With home prices up nearly 40% since 2020, buyers are now wealthier and older, making them more likely to outbid younger buyers with all-cash offers.

The average age of U.S. homebuyers jumps to 56—homes are 'wildly unaffordable' for young people, real estate expert says
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  • Yeah, I've been saving hard for nearly 6 years now, I have zero debt from higher education, extremely cheap rent because I live in my parents' backyard, and a well-paying job... and I still don't know if I'll be able to get a house by 2026.

    If even one of those factors were different for me, then owning a home would become completely unrealistic.

    And politicians wonder why we're not having kids, huh.

    • I'm in the same boat. I'm not living in my parent's backyard, but I still have cheap rent. All I can do is sit and wait and hope something changes.

33 comments