Just one in five homes today are sold to first time home buyers. That is an all time low. The median age of a first time homebuyer is 40. That's a record high. And The average income of first time home buyers is $97,000, also an all time high. It's hard out there. There's a multi million home shortage nationwide while the majority of houses that are for sale are are totally unaffordable. We're also seeing a widening gender gap in home ownership. (26:30–26:39)
CLAIM
Asserts that the average income for first-time homebuyers is at an all-time high of $97,000.
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