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Average Age To Buy First Home. Legally, you must be at least 18 in most states to buy a home. The over 65s are more likely to be homeowners than they were a decade earlier, with 79% of this group owner.

4 Tips for FirstTime Home Buyers
4 Tips for FirstTime Home Buyers from www.realtor.com

Is 34 years old when they do so, according to a 2019 report by real estate marketplace zillow. Cities that are popular with young people are experiencing rapid population growth and rising home prices. Young homebuyers are vanishing from the u.s.

4 Tips for FirstTime Home Buyers

Young homebuyers are vanishing from the u.s. The over 65s are more likely to be homeowners than they were a decade earlier, with 79% of this group owner. Halifax, the uk’s biggest mortgage lender, said the national average for a first home purchase had risen to 32 in 2021 from 29 a decade earlier, and was above 30 for every region. “it’s quite an interesting finding that the average age of a first home buyer has remained relatively consistent for the past few decades hovering at that 32 years of age mark particularly when we’re seeing other life markers such as the age of marriage and childbirth be pushed back later,” madden told australian broker.