Just Post

930 readers

124 users here now

Just post something 💛

founded 2 years ago

MODERATORS

suns3t@lemmy.world

dual_sport_dork@lemmy.world

104

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

submitted 1 week ago by The_Picard_Maneuver@lemmy.world to c/justpost@lemmy.world

15 comments fedilink hide all child comments

you are viewing a single comment's thread
view the rest of the comments

[–] xtr0n@sh.itjust.works 7 points 6 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. :(

permalink
fedilink
source
parent