The typical first-time homebuyer in the US is 40. Are Utahns waiting that long, too?

Estimated read time: 4-5 minutes KEY TAKEAWAYS

The median age for first-time U.S. homebuyers is now 40, up from 38.

Utah's first-time homebuyers are likely aging similarly due to affordability issues.

Gov. Spencer Cox aims for 35,000 starter homes by 2028; only 5,800 have been built so far.

SALT LAKE CITY — First-time homebuyers continue to get older nationwide — and likely in Utah.

The median age for purchasing a first home in the United States has now reached an all-time high of 40, according to an annual survey by the National Association of Realtors, up from last year's record-breaking age of 38.

"It's kind of a shocking number," Jessica Lautz, deputy chief economist and vice president of research at the association, told The New York Times, adding that the "steep climb" has com