The Rising Age of First-Time Homeowners
By Associate Broker Falmouth MA Cape Cod Heath Coker, Heath Coker Berkshire Hathaway HS Robert Paul Prop
(https://teamcoker.robertpaul.com)
Why First-Time Home Buyers Are Older Than EverIn 2025, the typical first-time home buyer is 40 years old and this is a record high. Just a few decades ago, most first-time buyers were in their late 20s or early 30s.According to the National Association of REALTORS®, this delay in home ownership has serious long-term effects. Buying later in life means fewer years to build equity and less opportunity to grow wealth through home appreciation.For many, saving for a down payment has become the biggest roadblock. Today’s buyers often use personal savings (59%), tap 401(k)s or stocks (26%), or receive gifts or loans from family (22%).Sellers should understand that older first-time buyers tend to be more cautious and budget-conscious. They want homes in good condition with minimal repair needs...
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