Gretchen Whitmer: “The median age of a first time home buyer is 40. That's a…”

“We know how much has changed. 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.” (22:56–23:03)

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.