40-year-old first-time homebuyers: the real reasons
For decades, the American dream included owning a home by your late twenties. Parents who bought starter homes in the early 1990s remember signing the deed around age 28 and moving in with a young family. Fast-forward thirty years and those same parents are stunned: according to the National Association of Realtors (NAR), the median first-time homebuyer is now 40 years old. A year earlier the median age was 38; five years ago it was 33; in 1991 it was 28. In other words, the “starter home” has shifted by over a decade within a single generation.



