The age of a typical homebuyer jumped to an all-time high of 56 in the US, with many young people locked out of the housing market while older owners tap their accumulated home equity for cash purchases or to make large down payments, according to a report.
Alexandre Tanzi is a journalist for Bloomberg News, specializing in economic and financial news. His work has been featured in various publications, including Longview News-Journal, Watertown Daily Times, ThinkAdvisor, Bloomberg Law, The American Lawyer, and Financial Post. Alexandre's articles cover a wide range of topics, including job cuts, consumer trends, retirement, inflation, and economic outlooks.