The Rising Age of First-Time Homebuyers: What It Means for Property Managers and Investors
The U.S. housing market is undergoing a significant transformation. The median age of first-time homebuyers has surged to 38 years in 2024, a dramatic increase from 28 in 1991 (see here). This shift reflects growing financial barriers, including rising home prices, high mortgage rates, and limited inventory. For property managers and real estate investors, this…