In 2024, the median first-time homebuyer was 38 years old, according to the National Association of Realtors' 2024 Profile of Home Buyers and Sellers report. Factors including low inventory, wealthy ...

First-time homebuyers are typically defined as those entering the market who’ve never owned a home. However, anyone who has not owned a home for the last three years also qualifies as a first-timer.

The youngest U.S. homebuyers aren’t so young anymore, as a forbidding market turns first-time house hunting into an activity for people nearing 40. “No one in their young 20s are buying homes,” said ...