Americans who bought homes in 2024 were older and richer

(CNN)– Americans who bought homes for the first time between July 2023, and June 2024 were older and wealthier than in previous years.

That is according to a new survey from the National Association of Realtors.

The survey found 1st time homebuyers had a median household income of $97,000, up from the $95,900 last year.

And the median age of 1st time buyers rose to a new record high of 38 years old.

The report says a typical 1st time homebuyer was in their late 20’s a generation ago.