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The average age of U.S. homebuyers jumps to 56 -- homes are 'wildly unaffordable' for young people, real estate expert says

By CNBC   |   Nov 4, 2024 at 09:07 AM EST
The average age of U.S. homebuyers jumps to 56 -- homes are 'wildly unaffordable' for young people, real estate expert says

The average age of U.S. homebuyers has increased to 56 from 49 in 2023, signaling younger Americans are struggling to afford homes due to rising costs.

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