Purchasing a home is a privilege. Read below to check when the popular majority reach their goals of buying a home.
Expected Home Ownership Age (among non-owners)
GENERATION AVERAGE HOME OWNERSHIP AGE AVERAGE AGE OF GROUP AVERAGE YEARS TO OWN A HOUSE
1. Millennial 34.4 27.8 7.4
2. Gen X 48.4 42.2 6.2
3. Baby Boomers 62.3 59.5 2.8
- The average age for American home owners is 35.
- Before paying of their student loans, Millennial's are expected to purchase a home three years before.
Courtesy of Mike Patel,
First Team Real Estate Christie’s International
714-470-8600 dre 01146880 </p