Jennifer Hammond - Real Estate

AVERAGE HOMEBUYER AGE INCREASES TO 56

The average age of homebuyers in America increased by seven years, according to a new report. The National Association of Realtors’ annual report revealed the average homebuyer is 56 years old, up from 49 in 2023.  The age of first-time buyers rose to 38 — a 3-year increase on the previous year. The percentage of first-time buyers decreased by eight percent to 24%. That is the lowest mark since NAR began tracking the category in 1981.  Median house prices also increased to $435,000 according to the report. That is a 39% increase on 2020.  The average fixed mortgage rate has also risen to 6% — more than double — during the last four years. Jennifer is a national thought leader on real estate.  She's been a Realtor since 1997. She's a popular speaker who has written several books on real estate, and hosts a national real estate talk show sharing secrets that every buyer and seller needs to know