Where Have All The First-Time Buyers Gone?

Why it’s so difficult for first-time buyers in this housing market.

Where the heck did all the first-time homebuyers go? It’s been tough to look for your first home these last few years: Prices have been high, and competition has been fierce. As a result, the percentage of first-time buyers in our market hit an all-time low this past year. Today I want to go over why first-time buyers have had it rough and what they can do to finally get into their first house. 

You can listen to my full explanation in the video above or skip to each topic using the timestamps provided:

0:00 — Introduction

0:43 — Why it’s been hard to be a first-time buyer

1:17 — First-time buyers also have to deal with rising rent prices

1:50 — 92% of homebuyers don’t think they can afford a mortgage

2:37 — First-time buyers are staying in their homes for longer

3:23 — Many first-time buyers are purchasing with others

3:46 — What this information means for sellers

4:07 — What this means for first-time buyers

4:44 — Wrapping up today’s topic

If you have more questions about this topic or buying your first home, please call or email us. We are always willing to help!