In the 1980s, back when Donald Trump was dealing in real estate, first-time homebuyers getting their foot on the U.S. property ladder were typically in their late 20s. Now, as Trump prepares to enter the White House for the second time, first-time buyers are closer to 40.
That’s one of the key findings of the latest survey of U.S. home buyers and sellers by the National Association of Realtors (NAR). The data, collected annually since 1981, offers a unique insight into the makeup of those making the leap to home ownership amid the housing affordability crisis.
