Warning to Middle Class: First-Time Homebuyers Are 40

For the first time on record, the median age of a first-time homebuyer in America is 40 years old, up from 38 last year. That milestone isn’t just a housing statistic. It’s a warning sign for the middle class and the broader economy. With the average homeowner’s wealth now 43 times that of a renter, this ever-narrowing path to homeownership threatens the very basis of upward mobility. Read Full Article »