First-time homebuyers battling rapid decline in affordability: Numbers 'just not working' Atlanta Federal Reserve reports US households have to spend nearly 43% of their monthly income to afford ...

With more first-time homebuyers in the market, we continue to see increased sensitivity to rate changes,” Joel Kan, MBA’s vice president and chief economist, said in a statement.

More first-time buyers rely on mortgage rate buydowns to afford homes The share of buyers who are first-timers has declined from 40% to 24% since 2008 February 1, 2025, 9:00am by Kennedy Edgerton ...

The age of first-time homebuyers climbed last year while their share of the market fell to an all-time low, according to data released Thursday by the National Association of Realtors (NAR). NAR ...

Mortgage applications continued to fall last week, slipping to the lowest level in 20 years amid rising interest rates.However, mortgage applications from first-time homebuyers actually increased ...

In 2018, first-time buyers made up 46% of the share of all buyers. Part of the reason that the share of first-time shoppers is rising is because fewer repeat buyers are pulling out of the market.

Some Wisconsin cities are the best for first-time homebuyers, according to studies from SmartAsset and WalletHub. Appleton is ...

So, first time homebuyers are getting locked out of the market," he said. "Straight-up buyers are locked in because they'd have to sell the home with a low mortgage rate and buy a home with a ...

The Oldest and Smallest Share of First-Time Homebuyers . Back in July 2022, the NAR surveyed over 150,000 recent homebuyers who purchased a primary residence between July 2021 and June 2022.

Why first-time homebuyers are on the rise. ... Lautz said there has been some evidence of a slight decline in mortgage rates that could, heading into 2024, invite some more home buyers into the fray.

WalletHub and SmartAsset ranked the top cities for first-time home buyers recently. Take a look and compare their data and ...