First Time Home Buyers Getting Older
According to the National Association of Realtors’ 2025 Profile of Home Buyers and Sellers, the percentage of first-time US home buyers has dropped to a record low of 21%, while the typical age of first-time buyers has hit a record high of 40. The yearly survey of recent home buyers covered sales be
More Americans Are Staying Home
The number of Americans moving to a different residence hit record lows in 2024, when only 11% moved. In the early 1900s, approximately 33% of Americans moved each year. By the 1960s, mobility was at about 20%. And in 2024, only 11% of Americans moved. Florida and Texas have the highest in-state mob
Tom Petty’s Malibu Home Finally Sells
Tom Petty’s Malibu home, which he bought in 1998, has sold for $11.2 million, after a long series of price cuts. The seven-bedroom Mediterranean-style main home, a guest home, a recording studio, seven bedrooms, a pool and 2.6 acres came on the market in 2024 at $19 million and was later reduced to
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