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News@lemmy.world · 24 hours ago

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

cross-posted to:
aboringdystopia@lemmy.world

581

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

return2ozma@lemmy.world to

News@lemmy.world · 24 hours ago

cross-posted to:
aboringdystopia@lemmy.world

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.

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M0oP0o@mander.xyz
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16 hours ago
“Access Denied”

anyone have a TLDR? I guess I pissed off cnbc somehow.
- return2ozma@lemmy.worldOP
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  Here you go https://archive.is/zFv0k
  - M0oP0o@mander.xyz
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    15 hours ago
    Thanks!
    
    So after reading a bit does this mean that houses will just be for the retired people in a few years?

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