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Story summary
- A Realtor.com study finds that buying a first home before age 30 significantly boosts wealth, with under-30 homeowners $119,000 wealthier by age 50 than those who wait until their mid-to-late 40s.
- People who purchase between ages 33 and 37 have $59,000 more in net wealth by age 50.
- Early homeownership increases the likelihood that children become homeowners.
- Median home prices are currently $418,000, posing challenges for younger adults and delaying milestones.
