Quick Takeaways

  • First-time buyers made up 34 percent of all home buyers, an increase from 31 percent last year.
  • Eighty-two percent of buyers 23 to 31 years and 48 percent of buyers 32 to 41 years were first-time home buyers.
  • Behind these groups, 22 percent of buyers 42 to 56 years were also first-time home buyers.

Source: 2022 NAR Home Buyer and Seller Generational Trends (National Association of REALTORS®, Mar. 2022)

Anatomy of a First-Time Buyer, August 2022