David ChartierDec 16, 2024

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

https://www.cnbc.com/2024/11/04/homebuyer-average-age-rises-to-56-amid-rising-homeownership-costs.html

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

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.

CNBC
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@chartier

Welcome to neoliberal capitalism where few own all and most own nothing.
And yet the American voter has chosen, with the help of manipulation, a leader that will further help to dumb down America and serve a clan of billionaires only.

#uspol #useconomy #usnews

Dec 16, 2024 at 7:50amIceCubesApp