Homebuyers In 2024 Are Older & Wealthier Than Ever Before
Real Estate Market Tracy Creighton Real Estate Market Tracy Creighton

Homebuyers In 2024 Are Older & Wealthier Than Ever Before

According to the National Association of Realtors®, first-time home buyers have reached a historic low of 24% (falling from 32% last year). 

The average age of buyers has climbed to a record high of 56 years overall—with 38 years for first-time buyers and 61 for repeat buyers. 

The report shows buyer incomes have surged, including those of first-time buyers, but the latter face heightened challenges in a competitive housing market. 

A record 26% of home buyers are paying cash for their purchases. 

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San Diego Home Sales Slow
Real Estate Market Tracy Creighton Real Estate Market Tracy Creighton

San Diego Home Sales Slow

San Diego homes sales have slowed, the lowest for a September in records going back to 1988. It also marked the 10th-slowest sales month of all time, according to CoreLogic. 1,987 homes in San Diego County sold in September, down 22% from August and down 6.4% from September 2023.

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