- NAR’s 2025 Profile of Home Buyers and Sellers reports the median age of first-time buyers was 40 and their median down payment was 10%.
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- Due to last week’s swing in mortgage rates, refinance applications fell 3% for the week, while purchase apps dropped 1% for the week.
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- More buyers are backing out amid high prices, inspection issues, and job jitters, with contract cancellations hitting roughly 15% in September.
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