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 home buyer 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 totally unaffordable. We're also seeing a widening gender gap in home ownership. (21:49–21:58)
CLAIM
Asserts that the average income for first-time home buyers is $97,000, an all-time high.
This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.