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News@lemmy.world · 12 days 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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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 · 12 days ago

cross-posted to:
usa@lemmy.ml
usa@lemmy.ml

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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12 days 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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