First-Time Buyer Share Falls To A Record Low Of 21% | April 20, 2026

On today’s Hot Sheet, Byron Lazine discussed housing inventory for the past week, the March rental report, and first-time buyers’ share of the market dropping to a record-low 21%….

On today’s Hot Sheet, Byron Lazine broke down Logan Mohtashami’s Housing Market Tracker, highlighting a post-holiday rebound as weekly pending home sales climbed to 73,241 from 71,775 a year ago and inventory rose to 743,006 from 724,977 week over week, with mortgage rates trending near 6.25%.

He also unpacked BAM’s coverage of NAR’s 2026 Home Buyers and Sellers Generational Trends Report, showing first-time buyers accounted for just 21% of all home purchases, the lowest share on record.

For today’s third topic, Byron reviewed Realtor.com®’s March rental report, which found renting remains more affordable than buying across the 50 largest U.S. metros, with renters saving an average of $920 per month, even as that gap continues to narrow.

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