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Tag Archives: Pulsenomics

First-Time Homebuyer Age to Rise as Millennials Delay

In a quarterly survey conducted by Zillow and Pulsenomics, a panel of economists, real estate experts, and market strategists agreed that the median age of first-time homebuyers is likely to keep moving up in the next decade as millennials wait until later in their lives to purchase. Among the more than 100 experts polled, a combined 85 percent said they expect the median first-time homebuyer age to rise at least marginally in the coming years.

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Experts Split on Housing Affordability Concerns

In a survey of 106 experts in housing and investments, Zillow found a slight majority—28 percent—pinned the most blame for declining affordability on stagnant income growth across the country, even as the rest of the economy has moved in a generally positive direction. At the same time, the number of respondents pointing to "abnormally high rates of home price and rent appreciation" as the main problem was only slightly smaller at 27 percent.

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