Looks like homeownership has officially gone gray! The average homebuyer in America is now 59 years old, nearly retirement age, while first-timers are hitting the market at 40, according to the National Association of Realtors. With sky-high mortgage rates, low housing supply, and incomes lagging behind costs, younger buyers are getting squeezed out as boomers hold tight to their homes. Real estate pros say older, wealthier repeat buyers are dominating the market, while younger folks are delaying milestones like marriage and kids, making that “starter home” dream feel further away than ever.
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