First Time Home Buyer at 40: What the Data Says About Waiting โ and What to Do Instead
If you are a first time home buyer who has been waiting longer than you expected, you are not alone and you are not behind. The National Association of REALTORSยฎ just confirmed what many families already feel: the typical first time home buyer in America is now 40 years old, and first time buyers represent just 21% of all primary residence purchases, the lowest share NAR has recorded since they began tracking it in 1981. Before the Great Recession, that share was nearly 40%. If you have been wondering why homeownership feels harder to reach than it should, the data agrees with you. And if you have been searching for first time home buyer down payment assistance or a more