Apollo notes homebuyer age soars to historic levels amid rising prices and mortgage rates
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Feb 25 2025
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Source: SeekingAlpha
Rising Age of Homebuyers: The median age of homebuyers has increased to a historic 56 years in 2024, up from 45 years in 2021, reflecting the impact of rising home prices and elevated mortgage rates on younger buyers' ability to enter the housing market.
Current Housing Market Data: Recent data shows a month-over-month increase in home prices, with the S&P CoreLogic Case-Shiller Index reporting a 0.5% rise in December, while 30-year fixed-rate mortgages averaged 6.85% as of February 20, indicating ongoing fluctuations in the real estate sector.
Analyst Views on XLRE
Wall Street analysts forecast XLRE stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for XLRE is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
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Current: 41.550
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Current: 41.550
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
