Mastodawn

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

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