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

“Because a lot has changed since then. 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 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.” (26:23–26:30)

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.