First-Time Homebuyer Outlook Report

First-time home buyers will be the largest source of home buying demand in the U.S. housing market for the foreseeable future as millennials, the largest generational group the U.S. has ever seen, enter their prime home-buying years.

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Renter House-Buying Power

Share of Affordable Homes

The Median Renter

Median Renter: Share of Affordable Homes

First-time home buyers need insightful affordability data, yet traditional measures of affordability often inflate affordability levels by including existing homeowners, who already own homes and typically have greater income levels than first-time home buyers, who are typically renters.