Housing Market Shifts as Homebuyers Upsize to Forever Homes: BMO Real Financial Progress Index
BMO released its Real Financial Progress Index, noting a shift toward 'forever homes' as Americans delay homeownership until age 40 on average. Survey results indicate 74% of Americans still view homeownership as a major aspiration, though 51% are waiting for rates to drop further before acting.
Key figures
- Survey sample size
- 2500
- Pct homebuyers use ai
- 72
- Avg expected age first home
- 40
- Pct buyers plan forever home
- 65
- Pct non homeowners unattainable
- 55
- Survey credibility interval percent
- 2.4
AI analysis
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AI-generated analysis of a public disclosure. Not investment advice; verify against the original document.