From NAR
New NAR data shows first-time homebuyers now make up just 21% of all buyers, the lowest share ever recorded. Their median age has risen to 40, reflecting how high prices, elevated interest rates, and a lack of affordable inventory are pushing homeownership further out of reach.
Many first-time buyers are also facing higher down payments and longer savings timelines, adding to the challenge. Meanwhile, repeat buyers—often armed with strong equity and cash—are continuing to drive much of today’s market activity.
For REALTORS®, this shift means first-time buyers need more education, support, and strategy than ever, while outreach to move-up buyers and long-term homeowners becomes increasingly important.
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