U.S. Percentage of Sales with First-Time Buyers National Market Dynamics since 2010 * *
6-month-rolling average
45%
Even as the proportion of 1 st time homebuyers has declined, their median age has hit an all- time high (38 years). Reasons include declining home affordability (prices & interest rates), high levels of student debt, and competition for homes from investors.
Market recession, foreclosure crisis
40%
▲ 1 st time homebuyer tax credit
35%
| Market recovery ►
30%
Pandemic hits ▲
25%
Updated through November 2024
20%
*per Realtors® Confidence Index Survey. Data copyright National Association of Realtors®. All rights reserved. Used with permission. 6-month-rolling averages. All numbers are approximate good-faith estimates based on a survey of Realtors. Data from sources deemed reliable but may contain errors and subject to revision.
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