Most U.S. households cannot afford a home above $300,000:
The median age of first-time home buyers has increased from 30 in 2008 to 40 today:
The median age of all home buyers is now 59 years old, up from 31 in 1981:
Number of offers received per property sold:
The largest age group is around 33 years old. These used to be home buyers, but many have shifted to renters looking for a nicer rental property.
Homes sold per real estate agent:
US homes are getting smaller. Median size of new single-family homes declining:
Structural decline in the share of the US population moving to a new address:
Trend decline in the percentage of renters moving to new apartments or houses:
The average family size in the US has declined from 3.3 in 1960 to 2.5 by 2024:
Home price to rent ratio remains elevated:
Housing construction costs remain high:
Source: Apollo
Multifamily Market News 