Today’s first-time homebuyer looks different than in years past. Faced with high home prices and elevated mortgage rates, ...

The average agency first-time buyer (FTB) in 2023 purchased a home for $406,000 with about 1,800 sq. ft. of gross living area (GLA) and spent about $2,110 on his or her monthly principal and ...

As market share fell, affordability challenges and persistent inventory constraints drove the average age of first-time home buyers to a record high of 38, up from 35 last year. First-Time Home ...

Like many first-time buyers, Angerstein, 28, had a strict budget – $220,000 was her cap. She zeroed in on a new construction home in her price range that just came on the market.

Buying your first home isn’t without challenges. Be ready to: Have lots of liquidity : As a first-time homebuyer, you’re not moving from one property you own to another, so you won’t have ...

First-time homebuyer market share: Decreased to a historic low of 24%; ... Despite the current challenges, many people are eager to become first-time homebuyers, and for good reason.

Housing market presents unique challenges and opportunities for first-time homebuyers Currently, the average rate for a 30-year fixed-rate mortgage stands at 6.81%, according to a recent report ...

Despite the challenges, some young buyers have found success — even when the process can take years. Michael Gordon, 26, and his fiancée, Carolina Montesdeoca, 27, started saving two years ago ...

First-time car buyers face many challenges when it comes to finding the perfect first car, securing an auto loan with limited credit, and negotiating a good deal.