The traditional path into homeownership is shifting. According to recent data, the median age of first‑time homebuyers in the U.S. has reached 40 years , a record high. (Source: Bloomberg)
What’s driving the delay?
• Home prices are significantly higher than in past decades, forcing many would‑be buyers to save longer.
• Mortgage interest rates remain elevated compared to the ultra‑low period a few years ago, increasing the cost of borrowing.
• Inventory shortages — especially in more affordable homes — are limiting options for new buyers.
• Many buyers are also carrying higher levels of student debt, changing jobs or living in high‑cost urban markets.
Together, these factors mean many people are pushing off homeownership until their late 30s or early 40s — a major shift compared with prior generations.
Delaying homeownership can ripple through life: longer time spent renting, less time building equity, potentially later retirement planning and fewer years of stability tied to a place of your own. It also disproportionately impacts younger adults who get squeezed out of owning entirely.
That’s why reSpace exists. We recognized that the traditional model of homeownership — individual purchase of a single‑family home, full mortgage, full responsibility — is increasingly out of reach for many aspiring buyers. So we designed a different way in: shared ownership of a home, co‑owned suites, shared common areas, aligned around values like “we‑based wealth” and “shared ground.”
Here’s how reSpace helps address today’s challenges:
• Lower entry barrier: Because you’re buying one suite rather than the entire property, initial cost and financing requirements are much more manageable.
• Shared cost burden: Common areas and maintenance are pooled and managed, reducing individual overhead and unlocking economies of scale.
• Equity building: You still own real property, gain from appreciation, and don’t just rent — you build.
• Aligned community: You’re investing with people who share values, not just splitting a rental. That creates long‑term stability and support.
• Access to desirable markets: Even in high‑cost regions (like urban neighborhoods or up‑and‑coming locales), co‑ownership makes what was once unattainable now within reach.
With the median first‑time buyer inching toward 40 years old, our housing ecosystem is telling us something: the entry‑ramp to homeownership is too steep for many. But it doesn’t have to stay that way. At reSpace, we’re offering a fresh lane into ownership — one that fits today’s economy, today’s aspirations, and today’s buyers.
If you’re ready to stop delaying your ownership journey and step into something designed for you, let’s talk. Because owning your future shouldn’t wait — and with reSpace, it doesn’t have to let chat! Call us today at 206.222.6322 or message us at info@reSpace.co
