Chart of the day: The median age of U.S. home buyers is now 47. It was 31 in 1981.
The median age of U.S. home buyers is now 47, according to the data compiled by Deutsche Bank DB, +0.14%. In 1981, the median age of American home buyers was 31.
In larger U.S. cities that have proved more popular with today’s young adults, home prices have skyrocketed. Inventory is a significant challenge: Baby boomers are increasingly choosing to age in place, while home builders have focused primarily on the upper end of the market since the Great Recession.The average annual income of home buyers has increased to over $93,000 in the wake of the affordability crisis, according to the National Association of Realtors.
And those heavy debt loads can make it more difficult to get a mortgage for a home. “No one talks about this anymore, but it’s still really hard to get a mortgage,” said Nela Richardson, investment strategist at Edward Jones. “You need to have pristine credit.”Other factors are also at hand beyond the financial. Millennials have delayed marriage and having kids, for instance, which are milestones that tend to lead to people buying homes.
México Últimas Noticias, México Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Post Malone x H&M: 5 Must-Have Merch Items To Upgrade Your StyleWith holiday shopping on our minds, you can take a little bit of the chart-topping rapper home this present-giving season.
Leer más »
What did you listen to most in 2019? Find out with Spotify's Wrapped. - Business InsiderIf you're a Spotify user, you can see your personalized year-end music charts — and decade-end music charts — starting on Thursday.
Leer más »
'Minecraft' and 'Fortnite' Top YouTube's List of Most-Watched Games of 2019YouTube has unveiled its most watched video games list. See what made the cut:
Leer más »
AMD just did something it hasn't done in nearly two decades. Here's how one technician is trading itThe charts are pointing to another rally for AMD, according to one technician.
Leer más »
Billboard Dance Chart Upstarts: Famba, Jasmine Crowe & 4B.fambamusic, iamjasminecrowe & DJ4B are this week's billboarddance Chart Upstarts!
Leer más »
https://ew.comEntertainment Weekly has all the latest news about TV shows, movies, and music, as well as exclusive behind the scenes content from the entertainment industry.
Leer más »