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37 Northern Va in the DMV area. There’s no right age, it’s when the time and finances aligned that I was able to buy.
Buy now. It’s only getting more expensive. And the market has evened out from a rut it was in for a couple of years. Any new changes will be prices going up, not down. Edit: Bought my first home at 27. Then created a real estate business with my spouse and have owned 8 houses simultaneously at the high point. Have owned 9 total. Consolidated down to 6, one of which is our personal home. Neither of us came from money. (I grew up poor.)
Don’t give into societal pressures. The median age for first time home buyers is 40. I purchased my first home at 33. Multi-family: my parents in 1 unit, I’m in another and rent out the 3rd unit. My advice is to do so when you find the home that works for you and you have the down payment, closing costs and a substantial savings for repairs bec things will randomly break no matter how thorough your inspection is.
31 and still renting with my fiancee in nyc, maybe in 2-3 years
Bought a small 1BR coop at 29, sold it a few years later to buy a house. I think whether to buy now or wait depends on the area you want to buy, your budget and if you have kids that are starting school or not.
Bought first house (condo) at 37 in VHCOL city. Fortunately, it was on a short sale. Only 10% down, ate the PMI for like 2 years, and then re-fi'd at lower rate and eliminated the PMI. It was a life changing move for me.
Since then, have bought 2 other houses in LCOL city.
Lots of first time home buyer programs. Go through a direct lender. Only you know if this is a good move for you or not, but recommend not over-leveraging yourself, always keep some reserves for repairs or a layoff.
36 Dallas. Takes time and being creative if you don’t have parents who bankroll your life.
I was 35 for first purchase and that was fine. It’s more expensive than you think. Just invest the difference while you rent. At some point the stability is nice but no rush.
I was 28. medium size midwest city that's reasonably affordable (Columbus Oh). I don't know how the numbers look now as I'm mid 50s and in a different spot... I say buy when you are able to say it makes sense, you can afford it with what you make, and when you need it. I would not hurry if I were single and not with one you expect to be with, but be opportunistic in that case--because, I'm presuming there's a decent chance much will change that you cannot predict when you have someone and then have kids. If you're with a significant other and building a life and planning kids etc and life seems to be urging you to do the white picket fence thing--that's the time to stretch and nest and spend on a home. But: not at any price, not emotionally, etc - yeah prices seem stupid sometimes when you anchor to 'what they were' or 'what you think they should be' but generally: you need a place to live, it's going to be a sizable chunk of your monthly nut, and it's often good to own -- but it's a mo money mo problems thang, and it's a long slow burn kind of a thing and just hold your nose and cross your fingers that the market will sustain & grow values. Good luck!
I bought my first at 33, and it felt late then too. Honestly, timing matters less than finding something you can afford without stretching too thin.