The average age of homebuyers in the US is now 56
The median age of first-time buyers is 38 (up from 34 last year)
The share of first-time buyers dropped from 32 to 24%
The median home price is now $435,000, which is up THIRTY NINE PERCENT since 2020
This is so astoundingly fucked
@chartier we’re not building enough homes. We’re too restrictive with allowing new homes to be built. This lack of housing supply is how private equities even manage to make a profit off the real estate market https://www.tiktok.com/@divasunglasses/video/7442753920696618286
When I say build more housing, I’m not even talking about 5 over 1s on every street corner through sudden intensification, but building missing middle housing through incremental development https://www.tiktok.com/@jonjon.mp4/video/7354822685605612842
David Chartier
ℹ️❤️🖥 aka Compy-chan