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News@lemmy.world · 20 days ago

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

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aboringdystopia@lemmy.world

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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

return2ozma@lemmy.world to

News@lemmy.world · 20 days ago

cross-posted to:
aboringdystopia@lemmy.world

With home prices up nearly 40% since 2020, buyers are now wealthier and older, making them more likely to outbid younger buyers with all-cash offers.

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Phoenicianpirate@lemm.ee
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18 days ago
Exactly. Which is why so many super expensive houses are actually fucking run down in run down shit neighborhoods.

I rarely agree with dictators, but when Xi xing ping said that houses are for living and not speculation he damn well was right.

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