And this explains the crypto investment craze since the global financial crisis:
30-year-olds who would have otherwise spent their savings and inheritances to buy a home are looking for somewhere to park their money, and here is this fun new thing where number goes upโฆ ๐
In 2024, the median age of the first-time home buyer climbed to age 38, an all-time high, per CNBC.
In 1981, the average first-time buyer was aged 29, according to NAR.