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The median age of first-time homebuyers is now 35 — up from 29 in 1981. And the median age of all homebuyers is now 49 — up from 31 in 1981.
Prices are rising, rates are climbing and supply is dwindling. That puts people who already own a home ahead.
Property values are generally down from the same time in 2022, but they have been rising in recent months and vary regionally.
Families of color must often take extreme measures to show the value of their home.
The Case-Shiller National Home Price Index rose half a percent in April — a third-straight monthly increase.
New Case-Shiller data suggests prices are rebounding after a moderate dip, though regional differences are pronounced.
Last month, 20% fewer existing homes were sold than in May 2022. People are staying put — and staying together — to avoid higher costs.
Their confidence tanked last year.
Prices are cooling in the West, but the market in the East is still hot. We check in with a real estate pro in the center of the divide.
A new report from ATTOM says it’s now cheaper to rent than own a place in most parts of the country.