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 ...

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.

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 ...

First-time buyers have built-in challenges. Consider their financial picture: Generally younger, they lack a deep credit history, which could mean lower credit scores.

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.

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 ...

Recent figures show that the biggest concern for 36 per cent of first-time buyers is that the time it will take to raise the necessary deposit could significantly delay their moving plans.

The term “first-time buyer” extends beyond its literal meaning in the world of home financing. Many programs consider anyone who hasn’t owned a home in the past three years eligible for ...

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.