Posts Tagged ‘homebuying’
Am I Too Old To Buy a House?
They say you’re never too old to learn, but is there a cutoff when it comes to homebuying? The median homebuyer is now 56 years old, which is seven years older than in 2023. The average age of first-time buyers has also increased—it now takes prospective buyers until the ripe-old age of 38 to finally…
Read More5 Common Real Estate Closing Day Surprises and How To Deal With Them
A real estate closing is an anxiety-inducing time, even if it goes smoothly. Add something unexpected, and it will throw you for a loop. I was thrilled when the sellers accepted my offer on a teardown lot in McLean, VA—the perfect place to build my own “Downton Abbey”–style manor. And the deal went forward without a hitch—that…
Read MoreOlder Americans Feel Confident About Homebuying — and Not Downsizing
While many Americans find the homebuying process to be confusing or simply out of reach, the overwhelming majority of Americans over 60 years old — about 84% — feel better equipped to start the process. A recent survey from community development non-profit NeighborWorks America sought to learn more about Americans’ attitudes toward homebuying and student…
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