This may come as a surprise, but first-time homebuyers are starting to step back into the market.
According to recent data, first-time buyers made up 35% of all homebuyers in May — their highest share of the market since 2020. That’s also up from 30% just one year ago.
So, how is that happening when affordability is still tight?
One word: inventory.
With more homes available, buyers have more options. That means more chances to find a property that fits their budget, their lifestyle, and their long-term goals.
No, the market is not easy. Rates are still higher than many buyers would like, and affordability is still a real challenge. But more choices can create more opportunity — especially for buyers who are prepared, realistic, and working with the right team.
The big takeaway?
If you’re trying to buy your first home, don’t count yourself out too soon.
Your peers are doing it. There may be a way for you to make it happen too.
Let’s look at your options, your numbers, and what’s available in the areas you’re considering. You may be closer than you think.
Ready to see what’s possible? Reach out and let’s talk.
