Today’s real estate market is a very different place than before the recession. American home buyers are getting older and homes are getting bigger.
Source: money.cnn.com
The median age of a home buyer in 1985 was 35. When the housing boom was nearing its peak in 2005, the median homebuyer’s age was 39. Now it’s 43, according to U.S. Census data.
Demographic changes are having dramatic effects on the rental markets as homeownership is at near record lows.