New Data Shows First-Time Buyers Hold Near Half of Loans

First-time homebuyers made up 49% of purchase mortgages in 2025, down from 56% in 2022, despite rising home prices and incomes. Their median home price was $345,741 with a median income of $77,208 and a 4.85% down payment. Repeat buyers purchased more expensive homes at a median price of $482,000 with a median income of $110,139 and a 14.82% down payment. Homeownership remains a strong aspiration despite affordability challenges.