Here's the age when most Americans buy their first home
CBSN
The typical first-time homebuyer is someone in their mid-30s who buys a property roughly 50 miles away from their previous home, according to a report from the National Association of Realtors.
The report, released this week, suggests that buying a first home comes a bit later in life for many Americans than it did before. The typical age of a first-time homebuyer is 36, up from 33 last year, NAR said. That marks the highest age point NAR has ever recorded, the organization said.
"First-time buyers are older as a result of saving for down payments for longer periods of time or relying on a generational transfer of wealth to propel them into homeownership," Jessica Lautz, NAR's vice president of demographics and behavioral insights, said in the report.
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