First-time homebuyers hit record low in Realtor buyer/seller survey
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First-time homebuyers have reached a record low, making up the smallest share of the market ever measured. The median age of first-time homebuyers has increased, with some reports suggesting it has risen to 40, as they are priced out and waiting. The shift has led to other generations, such as baby boomers, becoming a larger share of home buyers.
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