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The median age of homebuyers is now up to 56. (lemmy.world)

submitted 3 days ago by The_Picard_Maneuver@lemmy.world to c/justpost@lemmy.world

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[–] xtr0n@sh.itjust.works 7 points 3 days ago

Some of the buyers acquiring multiple properties for investment but some are just switching homes, getting bigger houses for growing families, upgrading to better locations or downsizing empty nesters. Older folks often sell their homes to buy something without stairs or with less maintenance. I suspect that fewer people are able to ever become 1st time buyers so all of the activity among homeowners has a larger impact on the median. :(

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