Today’s First-Time Homebuyers Are Late Bloomers Compared to Those From Decades Ago

Dave Rosenblum | Flickr

Know any millennials still on the rent bandwagon and with little to no aspiration to buy a house any time soon? It would be surprising if you don’t. According to a new Zillow report, first-time homebuyers tend to rent for an average of six years before signing off on a mortgage and are likely to be older, single, and spending a larger portion of their income compared to first-timers in the 1970 and 80s.

Indeed, if you want to get number-specific, first-time...

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