Generational Warfare in the Housing Market

Source: Banker & Tradesman — 

A recent report from the National Association of Realtors crystalizes the generational and class warfare suburbanites have perpetrated on the rest of this nation. 

The share of first-time buyers, NAR wrote, has reached its lowest level since the group began tracking the data. Most buyers active in the market – 3 in every 4 – are repeat buyers, up from 2 in 3 the year before. 

The median age of a buyer is at an all-time high, too. Among the 75 percent of homebuyers in 2022 who were repeat buyers, NAR said, the median age was 59.