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First-time buyers rise to 22%, median age still 40

Published · Homebuyer update · By the DPA Finder editorial team

NAR's 2026 Profile of Home Buyers and Sellers (Nov. 5) finds first-time buyers were 22% of purchases, up from a record-low 21%, while the median first-time buyer age stayed at a record 40.

On November 5, 2026, the National Association of REALTORS® released its 2026 Profile of Home Buyers and Sellers. The survey covers primary-residence purchases between July 2025 and June 2026. First-time buyers were 22% of home purchases, up slightly from last year's record low of 21%. That share is still about half the historical norm of 40% seen before 2008.

The typical first-time buyer was 40 years old, matching the all-time high. A record 10% of first-time buyers paid all cash. Among first-time all-cash buyers, 28% used an inheritance, compared with 9% of first-time buyers who financed. NAR also reports a 9% median down payment for first-time buyers, with top sources including personal savings (62%), financial assets such as a 401(k), stocks, or cryptocurrency (30%), gifts or loans from family and friends (25%), and inheritance (10%)—the highest inheritance share on record.

Affordability remains the main barrier. If you are saving for a first home, compare down payment grants, forgivable second loans, and programs with no first-time buyer requirement, and read how to apply for down payment assistance. Always confirm current funding and rules with the agency or a participating lender before you rely on an award.

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