Median age of first-time homebuyer in North Texas is 32

The typical first-time homebuyer in Dallas-Fort Worth was 32 years old, matching the U.S. median age. High prices, near-6% mortgage rates, and housing shortages delay homeownership. North Texas saw a slight increase in home sales with a small price decline, while more homes sold for over $1 million. In some metros like Los Angeles and New York, first-time buyers were older, around 35-36, while in places like Des Moines, the median age was 28.

Continue to full article