Rising home prices and high mortgage rates have pushed the median age of homebuyers to a record-high 56 years old in 2024, up from 45 in 2021. In 1981, the median age of homebuyers was 31 years old,
pull down to refresh
related posts
11 sats \ 5 replies \ @Aardvark 7h
I'd imagine part of it is younger people are refusing to move. You're high as giraffe pussy if you think im giving up my 3.49% intrest rate.
reply
21 sats \ 1 reply \ @TheBTCManual 6h
LOL "high as giraffe pussy" legit wheezing here, I can't breath
reply
0 sats \ 0 replies \ @Aardvark 6h
It's up there....
reply
0 sats \ 0 replies \ @Turdinthepunchbowl 5h
3.25% here, would like to move...but can't shake the "you're an idiot" if you move.
reply
0 sats \ 1 reply \ @SimpleStacker 6h
2.65% here
I'm stuck forever
reply
30 sats \ 0 replies \ @Aardvark 6h
Right?! 7% for a house that costs almost twice as much as mine due to inflation? Hard pass.
The gains on my house don't make it anywhere near worth it.
reply
0 sats \ 0 replies \ @TheBTCManual 6h
Lol they figure they'll be dead anyway so just pass that payment on to the life insurance policy or the kids YOLO
reply
0 sats \ 0 replies \ @zuspotirko OP 9h
What makes me think the most here is how 31 years old is the perfect age to buy a home to raise kids in. While 56 is the age where my own kids are or are soon to raise my grandchildren.
Obviously we're talking about medians and not specific people here...
reply
0 sats \ 2 replies \ @User21000000 9h
This is home buyer with a mortgage or is this home owner no mortgage? I think I got in my first home with mortgage 24 or 25 years old but with my in laws as a guarantee on our loan we would have had to wait years longer for it to. We are now building a house after buying and selling two houses giving us a 200k deposit for the third one but over that time our first house was 319000 second 493000 and now building for around 900000 we live in a coastal area that nearly every house is over 1mil so building was our cheapest option to be in the area . And paying any of this mortgage off is going to take a long time
reply
0 sats \ 1 reply \ @zuspotirko OP 9h
Both, with and without.
reply
0 sats \ 0 replies \ @User21000000 9h
Going to be very hard starting now to get into a property that’s for sure
reply
0 sats \ 0 replies \ @profullstack 12h
ill be dead before i pay it off
reply