Gretchen Whitmer: “The average income of first time homebuyers is $97,000, also…”

“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 homebuyers 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.” (23:03–23:12)

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.