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Homebuying in America: She wants her son to be able to say, “I grew up here”
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Homebuying in America: She wants her son to be able to say, “I grew up here”

Bankrate·Natalie Todoroff·about 1 month ago
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Asia Ore wants to be a homeowner, just not right now. The 28-year-old has other priorities: adjusting to life as a new mother and widow, chipping away at her student loans and charting the course of her career with her new master’s degree. Someday, she wants to buy a home on a strong financial foundation for herself and her baby boy. Setting the scene on homebuying  The path to homeownership is getting longer, and Ore isn’t the only one lacing up for a further walk than originally planned. Today, Bankrate reports the median first-time homebuyer age is 40 years old — a record high. Inventory, housing prices and borrowing rates can make homeownership feel farther off for some Americans.  Sometimes, it makes sense for people like Ore to prioritize immediate financial goals ahead of a mortgage. After all, buying a home is just as much of a life decision as it is a financial one. The “wait and save” approach, like the median first-time buyer age, is on the rise.…

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