How First-Time Buyers Can Smartly Navigate the Real Estate Market
Why First-Time Buying Feels So Daunting As a first-time buyer, the journey into homeownership often feels like standing at the foot of a very steep hill. Many face high mortgage rates, a shortage of affordable starter homes, and more competition than ever. In fact: In 2024, only about 24% of homebuyers were making their first purchase — the lowest share since reliable records began. The median age for first-time buyers is now 38 years old , up from the late 20s in earlier decades. First-time buyers are now seeing a median household income around $97,000 and down-payments averaging around 9% of the purchase price. The hurdles are real. But at Devora Realty we believe with clear steps, good support and smart planning you can navigate the market with confidence — especially if you’re doing this for the first time. Step-By-Step Guide to Buying Your First Home Here’s a straightforward roadmap built for first-time buyers — broken down into clear steps, with trust...