Americans Now Buying First Home at Record Average Age of 40

 Newsweek - The average age of first-time homebuyers in the U.S. has now reached the all-time high of 40. This is according to a new report by the National Association of Realtors (NAR), confirming that homeownership has gotten out of reach for many young Americans over the past several years.

Historically, first-time homebuyers in the U.S. have been in their 20s and 30s. In the 1980s, for example, they were usually in their late 20s. Now a few decades later, buying a home has become a near-insurmountable challenge for many young people in the country carrying the burden of high student debt while facing higher housing costs.