By Pam Martens and Russ Martens: November 5, 2024 ~ Yesterday, the National Association of Realtors released their annual Profile of Home Buyers and Sellers. It showed that by the time Americans have saved enough money for a downpayment to buy their first home in America, they will be close to middle age. The study recorded the median age of first-time home buyers as the oldest in the history of the study, at 38 years of age. (In the 1980s, first-time home buyers were in their 20s.) At the same time the age of first-time home buyers was hitting a record high, the percentage of first-time buyers was hitting a record low – just 24 percent of the market in the latest survey. That is the lowest percentage share of first-time home buyers since the National Association of Realtors began conducting the survey in 1981. The study reminded us of a series of articles … Continue reading The U.S. Has Failed Its Children – In the Most Unconscionable Ways