tag:reuters.com,2014:newsml_GM1EA3R1S0S01:715232179
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(Washington, DC) — A new report says there’s a young homebuyer crisis in the U.S. with the vast majority of young Americans unable to buy a home without a lot of help.
According to the National Association of Realtors, the typical age of first-time buyers climbed to an all-time high of 40 years. The report also says the number of first-time home buyers dropped to a record low of 21-percent in 2025.
On top of that, a Coldwell Banker report says 84-percent of Gen Z say they’re putting off major life milestones like getting married and having children, just to afford to buy a home. In addition, inventory for entry-level homes is scarce. Buyers are competing with investors who turn those less expensive homes into rentals. Skyrocketing home prices and high mortgage rates are also to blame.
The crisis has prompted the White House to propose a new 50-year mortgage.
