With home prices up nearly 40% since 2020, buyers are now wealthier and older, making them more likely to outbid younger buyers with all-cash offers.
  • Alexstarfire@lemmy.worldEnglish
    2·
    17 days ago

    Unless this is the average for first time homebuyers this number isn’t saying what they say it is. What is the purpose of this number? To show that older people have more money to buy houses? No duh. Older people buying more than 1 property is going to skew this number. That older people have more money to buy these houses now than they did in the past?