Repeat buyers were a median age of 58 in 2023, while first-time buyers were 35, per NAR annual data. "We're talking about a different profile of homebuyer today," Jessica Lautz told Axios, referring to older and more affluent purchasers. https://t.co/40xr0OpNcP
First-time buyers were responsible for 28% of sales in October; Individual investors purchased 15% of homes; All-cash sales accounted for 29% of transactions; Distressed sales represented 2% of sales; Properties typically remained on the market for 23 days. #NAREHS