The average age of today's first-time homebuyer has risen to 40 years old, a shift with real financial consequences. Delaying homeownership often means missing years of equity growth, long-term appreciation, and stable housing costs. Contributing factors include rising rents, student debt, and affordability challenges. Mortgage education plays a critical role in helping younger buyers understand their options sooner, empowering them to build wealth earlier and achieve greater financial security over time.
Article by Hailee Sage
Photography by Hailee Sage