The American dream of homeownership, long a symbol of stability, achievement, and upward mobility, is facing unprecedented challenges as the median age of the average first-time homebuyer in the United States has soared to 40 years old, according to newly released data from the National Association of Realtors (NAR).
A year ago, the median age was 38 years old, and that’s up from 36 in 2022, 33 in 2020 and 28 in 1991.
