Key Takeaways

The National Association of Realtors (NAR) reports that the typical age people purchase their first home in the U.S. has risen to an all-time high of 40 years old.

First-time buyers represented only 21% of the U.S. housing market from July 2024 to June 2025.

Rising home prices and high mortgage rates could be holding younger Americans back from home ownership.

Four years ago, the median age at which people purchased their first home in the U.S. was 33 years old. Now the age has sharply increased to 40 years old, a record high, according to a National Association of Realtors (NAR) survey of home transactions from July 2024 through June 2025.

NAR released its annual report of home buyers and sellers on Tuesday, painting a picture of a housing market dominated by olde

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