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First-Time Homebuyers Hit Record Median Age of 40

11/10/2025

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Summary

Story summary

The median age of first-time homebuyers in the United States reached a record 40 years, according to the National Association of Realtors (NAR).
The rise is driven by soaring home prices and mortgage rates, reducing access for younger buyers.
First-time buyers now account for 21% of the market as repeat buyers dominate due to their financial advantages.
Eve Burdick illustrates how high costs and existing debt delay home purchases.

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Story summary

The median age of first-time homebuyers in the United States reached a record 40 years, according to the National Association of Realtors (NAR).
The rise is driven by soaring home prices and mortgage rates, reducing access for younger buyers.
First-time buyers now account for 21% of the market as repeat buyers dominate due to their financial advantages.
Eve Burdick illustrates how high costs and existing debt delay home purchases.