I’ve been thinking a lot about the markers that seem to differentiate people in their 30s. In our early to mid-20s, it seemed as though we were all on the same path – trying to find our careers and our own identities. There was always common ground on which to relate.
But now, two people in their 30s can be vastly different because of their choices on marriage, children, career and finances. Home owning is also one of those markers.
The average age for a first-time homeowner is between 31 and 34, depending on what study you’re looking at. I’ve even read some studies that put the age for first homeownership at 39. So it’s hard to say what’s exactly accurate.
One thing is for sure, though. People are waiting longer for first homeownership. Maybe that’s the economy or student loans or a host of other factors like people marrying later.
Personally, I’m not at all close to buying for two equally measured reasons. Firstly, I don’t have enough saved for a down payment. And secondly, I’m not sure where I would want to buy a place. I haven’t settled on my “heart home” or “forever home.”
How about you? Do you think you’ll own a home in your 30s, or do you already?
Here are some fun facts about first time home buyers: