«

»

May 01

Here’s how much money the average first-time homebuyer makes

Here’s how much money the average first-time homebuyer makes
Source: CNBC
First-time buyers are still generally millennials, albeit pretty successful ones, according to data from the National Association of REALTORS®. First-time buyers are, on average, 32 years old and make $72,000 a year.

That makes them more well-off than the general population, since $72,000 is roughly the median income for a middle-class family of three. The overall median household income is $56,516.

Not that long ago, real estate was more accessible, and typical first-time homebuyers were younger and less affluent. In 1981, they were between the ages of 21 and 34. And houses served as a key way of accumulating wealth.

https://www.google.com/url?hl=en&q=https://www2.realtoractioncenter.com/site/R?i%3DEW70gewo93Ph2YCXoO_Bvg&source=gmail&ust=1493704487104000&usg=AFQjCNEYT6pFzN-CcP0sTAALFlRr38z0Mw“>Read the full story