Buying a house is a big deal at any age. But what is the median age for people making the move for the first time?

Answer: 35 years old

Questions:

• What are some factors that might contribute to the age at which someone buys their first home?
• What financial steps should someone consider taking in their 20s and 30s to prepare for buying a home?
• How would waiting until 35 to buy a home impact your long-term goals compared to your immediate wants and needs?

Here are the ready-to-go slides for this Question of the Day that you can use in your classroom.

Behind the numbers (NAR): 

• First-time buyers made up 32%, up from last year's 26%. This increase is still below the 38% average seen since 1981.
• The typical first-time buyer was 35 years old this year, slightly down from 36 last year, while the typical repeat buyer age fell to 58 years from an all-time high of 59 years.
• 59% of recent buyers were married couples, 19% were single females, 10% were single males, and 9% were unmarried couples. This is the lowest share of married couples since 2010.

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About the Author

Ryan Wood

Ryan grew up with and maintains a love for learning. He graduated from the University of Wisconsin-Green Bay with a degree in Business Administration and worked in sports marketing for a number of years. After living in Texas, Colorado, Tennessee, and Minnesota, the call of education eventually brought Ryan back to his home state of Wisconsin where he was a Business and Marketing teacher for three years. In his free time he likes to spend time with his wife and daughter, play basketball, read, and go fishing. Now with NGPF, Ryan is excited to help teachers lead the most important course their students will ever take.