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US House Prices Crushing Millennials As Share of First-Time Home Buyers Falls To Record Low: Study

US House Prices Crushing Millennials As Share of First-Time Home Buyers Falls To Record Low: Study

Daily HodlDaily Hodl2025/11/07 16:00
By:by Mehron Rokhy

A new study by the National Association of Realtors (NAR) shows rising home prices are hammering millennials as the number of first-time home buyers dips to a record low.

The survey , which queried 173,250 home buyers who purchased homes between July 2024 and July 2025, finds first-time home buyers dipped to a record low of just 21% while the typical age of a first-time home buyer hit an all-time high of 40 years old.

Says Jessica Lautz, NAR’s deputy chief economist and vice president of research,

“The historically low share of first-time buyers underscores the real-world consequences of a housing market starved for affordable inventory. The share of first-time buyers in the market has contracted by 50% since 2007 – right before the Great Recession.

The implications for the housing market are staggering. Today’s first-time buyers are building less housing wealth and will likely have fewer moves over a lifetime as a result.”

NAR says delayed or denied homeownership until age 40 instead of 30 can mean losing roughly $150,000 in equity on a typical starter home.

Another notable trait of first-time home buyers includes them making 10% down payments on their purchases – matching the highest recorded since 1989, according to the survey.

Generated Image: Midjourney

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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