The age demographics of homebuyers have shown a significant shift over the past several decades. According to data shared by Torsten Sløk of Apollo, the median age of repeat homebuyers has risen from 36 years in 1980 to 58 years in 2023. Similarly, the median age of first-time homebuyers has increased from 29 years to 35 years in the same time frame. This trend indicates a steadily increasing age of homebuyers in the housing market.
The median age of repeat homebuyers has increased from 36 years old in 1980 to 58 years old in 2023. The median age of first-time homebuyers has increased from 29 to 35 over the same period: Apollo https://t.co/NyAW7qLIOE
The median age of Founders in the @ResponsiblyVC portfolio through 2023 is 37 yrs old (near the industry average of 30-35). Our youngest Founder is 23 and oldest is 55. Never to late to build, nor early to make positive impacts at scale. 💚 https://t.co/iCvNB9YVna
Since 1980, the median age of first-time homebuyers has increased from 29 to 35 years old. For repeat homebuyers, it's even worse: 1. Median Age of Repeat Homebuyer in 1980: 36 years old 2. Median Age of Repeat Homebuyer in 2024: 58 years old In other words, first time… https://t.co/k1J97kRFqR
"The median age of repeat homebuyers has increased from 36 years old in 1980 to 58 years old in 2023...and the median age of first-time homebuyers has increased from 29 to 35 over the same period." - Torsten Sløk https://t.co/EhadkBVWUm
Homebuyers Are Getting Older: https://t.co/T6KgPixSnP