A generation ago the typical first-time American homebuyer was in their late twenties; today, NAR says the median has hit a record 40, priced out and waiting — and first-time buyers now make up the smallest share of the market ever measured
The obvious reading of a first-time homebuyer reaching a median age of 40 is that young Americans are waiting longer by choice, renting into their late thirties, delaying the whole project of settling down. The data, however, points the other way. The National Association of REAL…