Meanwhile, the share of first-time homebuyers has declined to just 21 percent—a record low.
A single-family starter home in Chicago is listed at $165,000. Courtesy of Ani Real Estate
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Americans are waiting much longer now to purchase their first home.
In its Nov. 4 report, the National Association of Realtors (NAR) revealed that the average age of first-time buyers has hit an all-time high of 40, while the share of those buyers as a percentage of total buyers experienced a record decline to just 21 percent.
Mary Prenon
Freelance Reporter
Mary T. Prenon covers real estate and business. She has been a writer and reporter for over 25 years with various print and broadcast media in New York.
