US EditionData: First-Time Home Buyers Faced Greater Headwinds in Q1
- First-Time home buyers faced significant affordability challenges in Q1 2025 across the U.S., with typical monthly payments of $3,240 and list prices averaging $413,700.
- This situation resulted from rising interest rates, a slight 2% decline in inflation-adjusted prices, and historically low home turnover despite a 27% year-over-year increase in listings.
- Nationally, available listings fell 7% quarter over quarter, with notable 30% drops in Buffalo and Grand Rapids, while Denver, Las Vegas, and San Diego saw large year-over-year gains of 58-62%.
- Buyers need an annual income near $138,700 to afford payments, which account for about 42% of before-tax income for typical first-time buyers, and 13% plan to delay purchases due to tariffs.
- The data suggests affordability remains tight, with higher rates offsetting price relief, making negotiation advantages more likely only in select markets amid uncertain economic outlook and declining consumer sentiment.
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Data: First-Time Home Buyers Faced Greater Headwinds in Q1
Buying a home is no walk in the park— and in today’s market, it’s especially challenging for first-time buyers. Although inflation-adjusted list prices decreased slightly in the first quarter of 2025, interest rates rose. For the vast majority of first-time…
Whoever comes first and pays first gets their dream house or apartment – that simple rule applies in the current real estate market. Interested parties with ready cash have the advantage. And, although it may not seem like it, buyers who need to take out a mortgage can also be in this position today. Several banks offer the option of arranging a mortgage loan in advance. How does it work in practice?
South African Property in 2025: What Q1 Reveals About the Road Ahead
The South African property market started 2025 on a positive note, showing early signs of recovery after a challenging 2024. The first quarter revealed a resilient sector driven by easing inflation, steady interest rates, and new regulatory changes that boost affordability, particularly for first-time buyers. Insights from Lightstone, BetterBond, and FNB data highlight shifts in market dynamics, with notable demand in the High and Mid-Value segm…
When applying for a mortgage loan at the bank, there are a number of tips that should be taken into account.
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