Are first-time buyers really 40? Not so fast, says MBA chief economist — slide 1 of 6

Are first-time buyers really 40? Not so fast, says MBA chief economist — slide 2 of 6

Are first-time buyers really 40? Not so fast, says MBA chief economist — slide 3 of 6

Are first-time buyers really 40? Not so fast, says MBA chief economist — slide 4 of 6

Are first-time buyers really 40? Not so fast, says MBA chief economist — slide 5 of 6

1 / 6

Are first-time buyers really 40? Not so fast, says MBA chief economist

December 10, 2025

Recent analysis shows the average age of first-time homebuyers is closer to 33, not 40 as reported by the National Association of Realtors. Differences arise from varying data sources and definitions of first-time buyers. Despite affordability challenges due to higher mortgage rates and home prices, buyers are adapting by using FHA loans, ARMs, and relocating to lower-cost areas, with some markets seeing price declines and rate drops.

Continue to full article

Which Homes Can You Afford?

See Your Options

How Much Is Your Home Worth?

Find My Home Value