(AURN News) — The real estate market continues to struggle, and new data from the National Association of Realtors, or NAR, show that the share of first-time buyers has dropped. It’s the lowest level on record — 21%.
The average age of a first-time buyer has risen to 40. The data appear in the association’s 2025 Profile of Home Buyers and Sellers.
“The share of first-time buyers in the market has fallen by 50% since 2007, right before the Great Recession. The implications for the housing market are significant. Today’s first-time buyers are building less housing wealth and will likely make fewer moves over their lifetimes as a result,” said Jessica Lautz, NAR deputy chief economist, in a statement.
First-time homebuyers put down an average 10% down payment, most often using personal savings as the primary source.
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