The average age of first-time homebuyers in the United States has reached an all-time high of 40 years old, according to new data from the National Association of Realtors. The share of first-time buyers has also dropped to a historic low of 21%.

The delayed entry into homeownership has significant financial implications. Shannon McGahn, NAR Executive Vice President and Chief Advocacy Officer, noted that postponing homeownership from age 30 to 40 can result in losing approximately $150,000 in equity on a typical starter home.

Industry professionals attribute the trend to affordability challenges and elevated interest rates. Liane Jamason, a broker at Corcoran Dwellings in St. Petersburg, observed that higher mortgage rates and affordability issues appear to be driving the age increase nationally.

However, some local markets are showing different patterns. Jamason reported that in the St. Petersburg area, first-time buyers tend to be younger, typically in their low twenties to low thirties, citing the area’s appeal to younger demographics.

Twenty-year-old Christina Copelan of Clearwater represents an exception to the national trend, having purchased her home at age 19. After graduating high school at 15, she saved for several years while living with her parents and working two jobs. She now owns a duplex and rents out half of the property.

The National Association of Realtors released the findings as part of its ongoing analysis of housing market trends.

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