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First-Time Home Buyer Market Share Drops To All-Time Low Amid Persistent Headwinds

  • The market share of first-time home buyers has dropped to an all-time low of 24%.
  • Rising home prices, high mortgage rates, and limited inventory are major obstacles for first-time buyers.
  • The average age of first-time home buyers has increased to 38, reflecting affordability challenges and inventory constraints.
  • All-cash buyers account for a record high of 26% in the housing market.

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