Aug 27, 01:42 PM

U.S. First-Time Homebuyer Age Hits Record 38, NAR Finds

The median age of first-time U.S. homebuyers has climbed to 38, the highest level on record, according to new data released by the National Association of Realtors. In the 1980s, the typical first-time buyer was in their late 20s, underscoring how much longer Americans now wait before entering the housing market. The milestone is already feeding into policy debates on Capitol Hill. Representative Marjorie Taylor Greene said the findings support her No Tax on Home Sales Act, which would eliminate federal capital-gains taxes on the sale of a primary residence. Separately, Representative Tim Walberg cited the data in meetings with Michigan home-builder groups while promoting his proposed "One Big, Beautiful Bill," which he says would make permanent tax incentives for homeownership.

#National Association of Realtors #Americans #Capitol Hill #Marjorie Taylor Greene #Tim Walberg #Michigan

Written with ChatGPT .

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