Even as fewer buyers are willing or able to bite, sellers continue to score record-breaking prices. The median existing-home sale price hit $414,000 in April, up 1.8% from the same period in 2024.

The typical first-quarter list price was $413,700. With a 9% down payment (the average for first-time home buyers last year), buyers would be looking at a $3,240 monthly mortgage payment.

Photo: Nathan Howard/Bloomberg Demand from first-time home buyers has hit record lows with mortgage rates stuck near 7%. One corner of the market shows it is worryingly weak even with rates at 5%.

First-Time Home Buyers Relying On Mom And Dad For Help, BMO Says May 1, 2025 • Karen DeMasters ...

The median U.S. home price in early 2025 is $398,400, with projections reaching $410,700 by end of year. First-time buyers are putting down a median of about 9% -- roughly $35,856. Repeat buyers ...

Estimated income for first-time home buyers was derived from the U.S. Census Bureau’s 2023 American Community Survey metro-level median household income for householders ages 25-44 — the range ...

Real EstateBy Joanne Kaufman and Tony CenicolaPage 2 of 2 1 2 ...