Source: Forbes / /
It’s about to get even harder for Millennials to buy their first homes. Nearly 45 million Americans will reach the typical age for first-time home buyers within the next 10 years, 3.1 million more than the past decade, creating stumbling blocks in an already challenging market for those racing for a spot in the starter home market.
The median first-time home buyer in the U.S. is 34 years old, according to online real estate marketplace Zillow. There are 44.9 million Americans ages 24 to 33, or potential future first-time home buyers, compared with 41.8 million people ages 35 to 44, or potential past first-time home buyers, a 7.4% increase.