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Young Americans are waiting longer than ever to buy their first homes, and when they do buy a home, ...

Why Americans waiting longer than ever to buy first homes

WASHINGTON – Short of cash and unsettled in their careers, young Americans are waiting longer than ever to buy their first homes.

The typical first-timer now rents for six years before buying a home, up from 2.6 years in the early 1970s, according to a new analysis by the real estate data firm Zillow. The median first-time buyer is age 33 – in the upper range of the millennial generation, which roughly spans ages 18 to 34.

Business Briefs

First Southwest Bank hires new leaders

Kent Curtis, CEO of First Southwest Bank, announced the addition of Paul Broderick to the bank’s senior lending team as senior vice president/commercial lender.

Broderick will manage business development and loan-account relationships for the bank’s Durango marketplace. Before joining First Southwest Bank, Broderick was vice...


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