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Here’s how old the typical U.S. homebuyer is today

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First-time homebuyers disadvantages


Why first-time homebuyers are at a disadvantage

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It is a marker of the challenges of getting on the property train in the U.S. these days: The typical homebuyer today is older than ever, as well as wealthier, new data shows. 

The average age of homebuyers in 2024 was 56, a record high, according to a report from the National Association of Realtors (NAR), highlighting the impact of soaring housing prices and elevated mortgage rates. That’s up from 49-years-old last year, the trade group found.  

First-time buyers also tend to be older. The median first-time buyer this year was 38-years-old, up from 35 in 2023. Roughly a quarter of those getting into homeownership were first-time buyers, down from 32% last year and the lowest share since NAR started tracking those numbers in 1981.

“First-time buyers face high home prices, high mortgage interest rates and limited inventory, making them a decade older with significantly higher incomes than previous generations of buyers,” NAR deputy chief economist Jessica Lautz said in a statement. 

A record share of U.S. homes are valued at $1 million or more, with tight supply driving prices up to record highs across the nation, a recent Redfin report shows. In the largest U.S. cities, even people with relatively high incomes struggle to afford homeownership. 

Through September, the price of single-family homes rose 3.4% from a year ago, according to CoreLogic. The median sale price in September was roughly $427,500, according to Redfin. 



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South Carolina Rep. Jim Clyburn says Harris still has a path to victory, but “it’s thorny”

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South Carolina Rep. Jim Clyburn says Harris still has a path to victory, but “it’s thorny” – CBS News


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South Carolina Democratic Rep. Jim Clyburn joins CBS News to discuss if Vice President Kamala Harris still has a path to victory, saying “it’s not over yet.” He also reacts to House Speaker Mike Johnson saying he will retain Republican control of the chamber.

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From the archives: George H.W. Bush joins Face the Nation

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From the archives: George H.W. Bush joins Face the Nation – CBS News


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In January of 1985, George H.W. Bush was sworn in for a second term as vice president. He spoke with moderator Lesley Stahl about his plans for the country.

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Trump will win North Carolina, CBS News projects

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Trump will win North Carolina, CBS News projects – CBS News


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Former President Donald Trump will win the battleground state of North Carolina, CBS News projects. Major Garrett and Anthony Salvanto break down how the projection was made.

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