What is the average age of your first-time homebuyer client today?
30-35 years. (37%, 55 Votes)
35-40 years. (33%, 48 Votes)
25-30 years. (30%, 44 Votes)
Total Voters: 147
California’s potential first-time homebuyers (aged 25-34) numbered 5,404,486 in 2011. At the same time, the state’s homeownership rate stood at 55.3%. California homeownership has dropped steadily during 2012. It will level off around 2016 as a wave of now-tenants enter (or re-enter) the market as buyers.
California’s homeownership rate continues its fall in the aftermath of the Great Recession. Will the next wave of first-time homebuyers bring a sea change?
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