I would love to see analysis in to the choices these 20 somethings have made in regards to college and work. I would predict the buyers are engineering majors, architect types, or skipped college all together and learned trades like plumbing or machining judging by the locations. I also suspect they have young families and go to church. I don’t picture BLM activists and social studies majors are buying.
Bought my first house at 29 for $40,000. River front which turned out to be one of the hottest markets in the country. 4 years after the city “condemned” it under eminent domain for a park. OOPS. Turned out they didn’t really ‘want’ it for a park after all and sold it for a huge huge profit to privateers. That happened right when the bubble was inflating so there was no way I could afford anything in town for what they gave me so away I went. Hooray for government.
I hope none of these first time home buyers have to go through that.
What city was that in?