It's hard to believe, but the median age for a first-time homebuyer is now 40 years old. This, according to the latest Profile of Home Buyers and Sellers, is the highest on record. Back in the 1980s, the median age was in the late 20s.
This underscores the challenge that many aspiring homeowners face: a lack of affordable starter homes is making homeownership increasingly difficult. As a result many young people are missing out on the wealth-building opportunities that come with owning real estate.
(listing photo courtesy of Step Inside Media)
The opportunity
If you're an aspiring homeowner, your opportunity is to face this challenge head-on and work with a team of experts who will help you create a plan for buying your first home. Even if you need help with your down payment, or guidance on building up your credit, there are programs and professionals who can help.
Buying your first home isn't easy, but it becomes a whole lot easier when you have the right group of experts supporting you. Your first step is to schedule a meeting with a real estate professional who will help you create your plan for buying your first home.
At Mad City Dream Homes, helping first-time homebuyers is one of the most rewarding aspects of our work. We'd love to help you get started with your plan. We're here to help.