News@lemmy.world · 13 days ago

The average age of U.S. homebuyers jumps to 56—homes are 'wildly unaffordable' for young people, real estate expert says

www.cnbc.com

cross-posted to:
usa@lemmy.ml
usa@lemmy.ml

The average age of U.S. homebuyers jumps to 56—homes are 'wildly unaffordable' for young people, real estate expert says

www.cnbc.com

return2ozma@lemmy.world to

News@lemmy.world · 13 days ago

cross-posted to:
usa@lemmy.ml
usa@lemmy.ml

With home prices up nearly 40% since 2020, buyers are now wealthier and older, making them more likely to outbid younger buyers with all-cash offers.

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