US EditionU.S. Median First-Time Homebuyer Age Now at Record-High of 40: Report
The share of first-time homebuyers fell to 21%, a record low, while the median age rose to 40, reflecting challenges from high prices and mortgage rates, National Association of REALTORS® reports.
- On Nov. 04, 2025, the National Association of REALTORS® reported first-time buyers fell to 21% while the median age rose to 40.
- High borrowing costs and rising home prices, with near-6% mortgage rates, have delayed many prospective buyers from entering the market.
- Younger buyers face equity losses and high entry costs as 60% of Gen Z and 57% of millennials rely on relatives, while a record 26% of purchasers paid cash.
- Today's first-time buyers are building less housing wealth and will likely have fewer moves over a lifetime, reflecting a 50% contraction in their market share since 2007.
- NAR recommended reforms to enable faster, cheaper homebuilding, urging policymakers to unlock inventory, revitalize properties, streamline zoning and modernize construction, as Shannon McGahn said, `Today, we must focus on policies that address the root cause of the affordability crisis: inadequate housing supply`.
49 Articles
49 Articles
GTA Housing Market: More Choice, Greater Affordability for Buyers
TORONTO, Nov. 05, 2025 (GLOBE NEWSWIRE) -- Home sales in the Greater Toronto Area (GTA) were down year-over-year in October, while new listings were up. Market conditions continued to favour homebuyers, as average selling prices were negotiated down alongside lower mortgage rates.
The Virginian Pilot
Young homebuyers lose more ground in housing market as states struggle to help
By Tim Henderson, Stateline.org Young homebuyers have been priced out of the market even more than previously, according to a report released Nov. 4 by the National Association of Realtors. “As a result of decreased housing affordability and limited housing inventory, potential first-time buyers retreated further from the housing market,” the report stated, comparing homebuyers between July 2024 and June 2025 to previous years. The share of firs…
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