Housing Market
First-Time Buyers Are Older, Fewer, and Struggling to Compete
Homeownership is slipping for younger Americans, with the average first-time buyer now 38 years old, according to the Guardian.
July 15, 2025
Homeownership is slipping for younger Americans, with the average first-time buyer now 38 years old, according to the Guardian.
Renters aged 65+ increased by 2.4 million over the past decade, a nearly 30% jump, making them the fastest-growing age group of renters in the U.S. housing market. Here’s what agents need to know.
ATTOM’s 2025 Rental Affordability Report reveals that in nearly 60% of U.S. counties, homeownership is now more affordable than renting a three-bedroom property—but down payments remain the biggest hurdle. BAM breaks down the key takeaways for agents.
Redfin’s latest analysis reveals record growth in renter households, up 2.7% year over year, growing three times faster than homeowner households as rising home prices and high mortgage rates push more Americans toward renting.
According to a new Zillow Home Loan analysis, mortgage payments are now lower than rent in 22 major U.S. metros, offering potential homeowners significant monthly savings.
A new report from RentCafe shows Gen Z spends more on rent but less as homeowners by age 30, compared to millennials during the same period of life.
A new report from Redfin shows the median U.S. asking rent for August at $2,052—$2 less than the record high set one year earlier. Despite near-record rents, landlords in some parts of the U.S. are offering concessions to attract renters as vacancies rise.
The Fannie Mae Home Purchase Sentiment Index® saw a slight increase in July as consumer sentiment on job security and household income improved or remained high. But 82% of respondents believe it’s a bad time to buy a home—up from 78% in June.
A recent Fannie Mae blog highlights the resilience of consumer aspirations to homeownership in spite of elevated mortgage rates, high home prices, and limited inventory. For 87% of consumers, owning a home is an important part of living the good life.
Institutional investors are buying residential properties and turning them into rentals. This presents us with a choice: ownership society vs. rental society.
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