First Time Home Buyers Continue To Be Older and Older in 2023
First time homebuyers in the US continued to be much older than the decades old historic norm in 2023 according to data and analysis collected by the Wall Street Journal.
For the second year since the Federal Reserve rate increases began in earnest, the average first time home buyer in the United States was over the age of 35 while over the last twenty years, the average age of first time buyers has risen by almost 15%.
“It is now less affordable than any time in recent history to buy a home, and the math isn’t changing any time soon.”
Since early 2021, month over month, the rising cost of shelter, often reaching 7% or higher in price inflation has been a primary driver in the increase of the consumer price index.
The Association of Western Employers is dedicated to helping employers of all types to create career building job opportunities while helping employees develop those careers because every American deserves the opportunity for a great career.