What is a first-time home buyer? To qualify for special home buyer benefits, borrowers purchasing a single-family home as a primary residence are defined as "first-time home buyers" in one of three ...
In 2025, first-time buyers had an average age of 40, according to the National Association of Realtors, an all-time high. And the share of first-time homebuyers on the market has decreased to a record ...
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