Advancing Age of Homebuyers

Do you know who your market is? These numbers, taken from Elliot’s Blog at econ70.com, should have you pay attention.

In 1981, the median age of the US homebuyer was 31. By 1989, it had drifted up to 34, and just after the relatively mild 1990 recession, it shot up to 42.

By 1997, it bottomed at 35 and since then has almost steadily risen. By 2000 it was 39, by 2006 it was 41, in 2013 it rose to 42, by 2015 it was 44 and now it’s 47!

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