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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

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aboringdystopia@lemmy.world

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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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AutistoMephisto@lemmy.world
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8 hours ago
Well, yeah. “House” no longer means “Place where people live”. It’s now defined as “long-term investment/passive income generator”.

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