Many would-be buyers are frozen out of the housing market

November 09, 2025
High prices and high mortgage rates are making it hard for many people to get a toehold in the housing market. A new report from the National Association of Realtors says the share of homes sold to first-time buyers dropped to a record low in the last year.

Only about one in five homes sold in the last year went to a first-time buyer. And the average person buying their first home was 40 years old — a record high. A new report from the National Association of Realtors shows how challenging it's become for young people to get a foothold in today's costly housing market.

(Image credit: Scott Olson)



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