California housing crisis laid bare in shocking new report revealing age of first-time homeowners

Source: New York Post

The majority of Californians are now waiting until their late 40s to buy their first homes — about a decade later than the average American, according to a new study. The shocking analysis from the Public Policy Institute of California found that while half of young adults in the rest of the US own their first home by age 37, that number rises to 47 in the Golden State. 3 The majority of Californians are now waiting until their late 40s to buy their first homes.