Nov 04, 2024
The typical homebuyer in the U.S. today is more likely to be an older, single woman, Bloomberg reports.  The age of a typical homebuyer jumped to an all-time high of 56 in the US, according to the National Association of Realtors’ 2024 Profile of Home Buyers and Sellers. The median age of a first-time buyer also reached a record of 38—about a decade older than in the 1980s. High prices and borrowing costs have created a divided housing market, in which an increasing share of sales come from repeat buyers and richer households. In just two years, the median income of a first-time buyer has increased by $26,000 to $97,000. Read the full story. A subscription may be required. 
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