9/14/2015 – Why Americans Are Waiting Longer to Buy Homes (Main Street)

Sep 14, 2015 Comments Off by

Homeownership may be part of the American Dream — but many are waiting longer to achieve that dream.

“I am seeing people wait longer to buy a home, particularly those from their late-20s into their mid-30s,” said Arvin Sahakian, vice president at mortgage site BeSmartee. In fact, Americans are now nearly 33 when they realize their homeownership goals, compared to 29 in the late 1970s, according to new data from real estate firm Zillow. People are also renting longer, with the median amount of years renting reaching six — nearly a 33% increase from the late 1970s.

Read the full article in Main Street.

Financial Landing 2015

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