BUYING A HOME IN YOUR FORTIES

Buying a Home in Your 40s? Here’s What You Need To Know?By?Erica Sweeney

Have you celebrated your 40th birthday? Then you’ve probably found your stride in life and, hopefully, have squirreled away some savings. That makes it a great time to either buy your first home—or think about upsizing.

And you’re not alone. People aged 41 to 55—known as Gen X—made up 24% of homebuyers over the past year, according to a report from the?National Association of Realtors?. And 22% of them were?first-time buyers.

“Life changes as people age, and homebuyers are no exception,” says?Danielle Hale, chief economist of?Realtor.com?. “While some priorities when buying a home are fairly consistent across ages—things like wanting a garage, a quiet location, and an updated kitchen—others can change over time.