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International Business Times
International Business Times
National
Carla St. Louis

U.S. Homebuyer Age Hits Record High As Younger Americans Are Priced Out

United States CNBC
A 'For Sale' sign is posted in front of a single family home on October 27, 2022 in Hollywood, Florida. (Credit: Joe Raedle/Getty Images)

The average age of homebuyers in the United States has risen to 56 years old, up from 49, compared to last year.

According to an annual report by the National Association of Realtors, the profile of a first time homebuyer in the United States is an older, single woman who doesn't have children.

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