American Homebuyers Getting Older: Median Age Now 49, Share of Younger Buyers Drops Sharply
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The median age of American homebuyers is now 49, up from 31 in 1981. This is attributed to factors like rising college costs, economic uncertainty, and high home prices.
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First-time homebuyers are getting older, with the median age now 35, up from 29 in 1981. Their share of the market is near historic lows.
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Overall, younger buyers aged 18-24 now make up just 3% of the market, down significantly from past decades.
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Single women now make up 19% of homebuyers, nearly double the share of single men at 10%. In 1981, their shares were equal at 11% and 10%.
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The share of married couples buying homes has dropped to 59%, the lowest since 2010, down from 73% in 1981.