The typical first-time homebuyer is now 40 years old — the oldest ever recorded — and that decade of delay carries a steep price: less equity, higher rates, and mortgage payments stretching deep into retirement. Millennials aren't just buying homes late; they're buying into a fundamentally different financial future than their parents had.

The typical first-time homebuyer is now 40 years old — the oldest ever recorded — and that decade of delay carries a steep price: less equity, higher rates, and mortgage payments stretching deep into retirement. Millennials aren't just buying homes late; they're buying into a fundamentally different financial future than their parents had.