Ideal Age For First-Time Home Buyer

We’d all like to buy a home am I right? So, apparently the magic number for first-time home buyers is between 28-32 years old.  According to a new bankrate.com report conducted last month among a sample of 1,001 respondents they concluded that 28 is their number. But according to The National Association of REALTORS® 2017 Profile of Home Buyers and Sellers found out the median age is actually 32 for the second year in a row.

So, let’s just leave it between 28-32 which isn’t too far apart. I totally get it, I’m 25 ATM, and the older I get my mind begins to shift towards becoming a homeowner. Another study Bankrate found was 25% of men believe you should buy your first home at 25 years old and only 12% of women believe the same thing.

Homeownership is still a very desirable thing and I know a lot of people who want it that are below this age group. The struggle I see that is more common that not is income and inventory issues. There is a huge gap and although some young people get good jobs, they’re still struggling.

Just hang in there, things will get better and when they do, I will be here for you every step of the way.

Until then thank you for reading, as always, I appreciate you!

xx

Damaris