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re: The age of the median home buyer in 07 was born in 1968, in 2024 it is still 1968.
Posted on 5/20/25 at 8:32 am to RaoulDuke504
Posted on 5/20/25 at 8:32 am to RaoulDuke504
I think a lot of younger people don't want to buy a house because they don't keep the same job for a long time. People move around more than they used to.
2
Posted on 5/20/25 at 8:33 am to chryso
quote:
I think a lot of younger people don't want to buy a house because they don't keep the same job for a long time. People move around more than they used to.
it would make sense to keep buying and selling homes
Posted on 5/20/25 at 8:34 am to RaoulDuke504
Younger people would rather spend their money on consumables and vacations rather than saving to buy a house
This post was edited on 5/20/25 at 8:35 am
Posted on 5/20/25 at 8:34 am to castorinho
I mean, his stuff is always fake AF.
WASHINGTON (November 4, 2024) – The first-time homebuyer market share decreased to a historic low of 24% (down from 32% last year), while home buyers’ ages hit all-time highs of 56 years overall (49 last year), 38 years for first-time buyers (35 last year) and 61 years for repeat buyers (58 last year), according to the National Association of Realtors®' 2024 Profile of Home Buyers and Sellers.1 This annual survey of recent home buyers and sellers – this year tracking transactions between July 2023 and June 2024 – has been NAR's flagship report since it first published in 1981, providing industry professionals insight into detailed homebuying and selling behavior.
WASHINGTON (November 4, 2024) – The first-time homebuyer market share decreased to a historic low of 24% (down from 32% last year), while home buyers’ ages hit all-time highs of 56 years overall (49 last year), 38 years for first-time buyers (35 last year) and 61 years for repeat buyers (58 last year), according to the National Association of Realtors®' 2024 Profile of Home Buyers and Sellers.1 This annual survey of recent home buyers and sellers – this year tracking transactions between July 2023 and June 2024 – has been NAR's flagship report since it first published in 1981, providing industry professionals insight into detailed homebuying and selling behavior.
Posted on 5/20/25 at 8:35 am to tigeraddict
quote:
Also doesn't help the vehicle prices are higher then statistical averages as well:
The problem is everyone wants to have 2 new cars and a new white farm house to keep up with the joneses.
Posted on 5/20/25 at 8:35 am to Breesus
quote:
B
O
O
M
E
R
S
Boomers can't do everything. How about the lack of foreclosing on anyone causing the home price to be artificially high. Not to mention investment firms buying up houses as rental property.
Posted on 5/20/25 at 8:36 am to chryso
quote:
I think a lot of younger people don't want to buy a house because they don't keep the same job for a long time. People move around more than they used to.
Jobs don’t provide a stable income like they used to
Posted on 5/20/25 at 8:37 am to CatfishJohn
quote:
Unfortunately it's a reality, especially in the South. It's not a race thing per se, it's just a crime thing.
That’s coming from a guy who left NO to go to the whitest place in the country
Posted on 5/20/25 at 8:38 am to CatfishJohn
quote:what? You mean do what those of us born in mid/late 60s had to do when buying our first houses under double digit interest rates and little to no housing inventory to choose from?
If I had a kid about to graduate college, I'd tell them to buy a condo or townhome in a less desirable area that has upside/gentrification coming as soon as they possibly can. Use PMI, etc., do whatever you can.
what on earth are you talking about? That’s lunacy
Posted on 5/20/25 at 8:38 am to RaoulDuke504
Oh, I didn't realize it was you posting this.
Sorry, the answer is obviously and always boomers.
Boomers ran over my dog.
Sorry, the answer is obviously and always boomers.
Boomers ran over my dog.
Posted on 5/20/25 at 8:39 am to CatfishJohn
quote:
American homeownership dream is dying a swift death.
Thanks federally backed student loans and thanks Black Rock and other commercial home buyers.
Posted on 5/20/25 at 8:39 am to RaoulDuke504
quote:there's still some sane ones out there thankfully
hate men because it’s cool
Posted on 5/20/25 at 8:40 am to RaoulDuke504
I'm looking to buy another...won't get my 2.25% tho.... 
Posted on 5/20/25 at 8:41 am to RaoulDuke504
quote:
Jobs don’t provide a stable income like they used to
This. Plus the U.S. population has almost doubled since 1990. That is a big factor. Supply and demand.
Posted on 5/20/25 at 8:42 am to 777Tiger
quote:
it would make sense to keep buying and selling homes
Would it? Or would it simply be easier to sign an annual lease for a 2-5 year stint?
Posted on 5/20/25 at 8:42 am to cgrand
What?! You didn't buy a mcmansion for you first house?
There are plenty of reasonably priced houses north of Florida Blvd in Baton Rouge.
There are plenty of reasonably priced houses north of Florida Blvd in Baton Rouge.
Posted on 5/20/25 at 8:43 am to Oilfieldbiology
quote:
Would it?
the one thing I've never, ever lost a penny on is real estate
Posted on 5/20/25 at 8:43 am to chryso
quote:
How about the lack of foreclosing on anyone causing the home price to be artificially high. Not to mention investment firms buying up houses as rental property.
Who runs those policies and firms?
Posted on 5/20/25 at 8:44 am to 777Tiger
quote:
the one thing I've never, ever lost a penny on is real estate
That can’t be the norm
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